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Numericable blowout deal reveals true power of European levfin

Numericable is the high yield market’s hero this year. With a record €16bn synchronised bond and loan issue in April, the French telecoms firm proved just how much demand there was from leveraged finance investors, and how that appetite could be harnessed to achieve mergers and acquisitions once considered the preserve of investment grade borrowers. Olivier Holmey reports.

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