HY investors gulp down €1.7bn as deals sell out early

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By Victor Jimenez
11 Oct 2017

Empark, Vallourec and Dufry met strong demand for their new high yield bonds this week as investors opened their deep pockets.

Unlike the stop-start push for Catalonia’s independence, one of the few potentially troubling events in European politics as the year ends, the high yield market was ploughing ahead with remarkable vigour this week.

In the words of a senior leveraged finance banker in London: “Everyone had underestimated ...

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