Loxam defies EU angst to launch HY bond
French industrial equipment lessor Loxam launched the financing backing its acquisition of Lavendon on Wednesday, an €850m three tranche high yield offering.
Loxam went ahead with its bond despite political uncertainty surrounding the French elections in which the far right is expected to win the first round.Investors in European corporate bonds with sub-investment ratings are closely watching the elections — the first round is set for April 27 ...
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