HY gulps first autumn Reverse Yankees

US EU
By Victor Jimenez
07 Sep 2017

The European high yield bond market returned from its summer break to €3bn of new bond offerings this week, including notes from Delaware’s Kronos International and California’s Equinix.

“It feels like a party,” said a high yield fund manager at the sight of a market populated with five borrowers wanting to price new deals this week. He added that some of them had familiar European names, but he would look into the covenant terms of the ...

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