High yield keeps strong streak with reverse Yankees

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By Victor Jimenez
23 Mar 2017

New deals marketed this week by US borrowers Owens-Illinois and Federal-Mogul pushed reverse Yankee issuance to 25% of the €22bn of euro high yield issuance so far in 2017.

The European high yield bond market revved up its engines on Monday with help from glass container manufacturer Owens-Illinois of Ohio and Federal-Mogul, the vehicle parts maker based in Michigan.

After 10 other borrowers printed more than €3bn of European high yield bonds last week, this week ...

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