CNH brings first euro deal since Macron win

By Victor Jimenez
15 May 2017

The European subsidiary of CNH, the US agricultural machinery company formerly called Case New Holland, launched a benchmark euro high yield bond on Monday, as yields in the market hit new all-time lows.

There had been no high yield issues priced in euros for 10 days, but yields have been tightening as investor confidence has surged on favourable news for European unity. 

Centrist Emmanuel Macron won the presidency of France on Sunday, May 7, and a week later Angela Merkel’s Christian Democratic ...

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