Market players back triple-C pipeline, despite BMC pull

By Victor Jimenez
12 Dec 2017

This week, bankers and investors in the European high yield market sounded a message of confidence to potential issuers of bonds with triple-C ratings, even after BMC cancelled one such deal.

“It could have got done any other time,” said one leveraged finance banker away from the deal. “But, as the year ends, the feeling among investors is ‘I can lock my gains now, I have no reason to bet on more risk.’"  

Investors had bought more than ...

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