US firms fly into euro market

Two US firms are keeping the primary euro high yield market alive, with car parts maker Mark IV Automotive and clothing brand Quicksilver marketing offers to each raise Eu200m. In a return of higher risk paper, frozen food retailer Picard even placed a Eu38m PIK note on Tuesday. But with secondary markets widening sharply over sovereign debt concerns, how long will it take for new issuance to shut down? Turn to EuroWeek on Friday.