FC Milan’s Inter Media may score last high yield debut bond of the year

Football
By Victor Jimenez
11 Dec 2017

Inter Media and Communication, the operator of FC Milan’s broadcast and sponsorship business, was out with its first high yield bond offering this week. Debutants have increased their presence in the market since June.

The number of first time issuers has been declining in the European high yield market since 2015. Two years ago, debut bonds represented a quarter of all issuance during the first three quarters of the year, while they were just 16% this year.

But since June, volumes ...

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