Ocado delivers fresh debut

Food Store
By Victor Jimenez
14 Jun 2017

Buyers of sterling high yield bonds were set to show what they make of the June 8 elections in the UK, and the country's economic landscape on Tuesday, as online grocer Ocado priced the first all-round domestic deal since the vote.

The sterling secondary high yield market has revealed nothing yet about the growing uncertainty of a weaker Conservative government and its economic consequences, a leveraged finance banker said on Tuesday when speaking about potential new deals.

“The truth is that investors might care,” he said, “but if they sell, ...

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