Adler Pelzer adds new refi deal to high yield mart

Car part_230
By Victor Jimenez
24 Mar 2017

German auto parts maker Adler Pelzer Group drove into a European high yield bond market already loaded with offerings from other six borrowers on Wednesday, but it stood out as a rare chance for investors to buy a single-B rated bond.

New European high yield bond sales for the first quarter of 2017 have so far doubled the €10bn figure from the same period last year. Double-B rated issues have been the overwhelming majority of deals.

“It’s a wonderful time ...

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