Schaeffler breaks high yield silence with €1.2bn PIK
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LevFinLevFin High Yield Bonds

Schaeffler breaks high yield silence with €1.2bn PIK

Schaeffler, the German car parts maker, closed books on Tuesday for a three tranche bond issue, €1.2bn-equivalent of senior secured payment-in-kind notes that are the first new issue in European high yield for two weeks.

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