Three deals pulled in volatile US high yield market
Three US high yield bonds have been pulled in the last week after spreads widened from their tightest level since the financial crisis to their widest level in a year over the course of October.
Deals from financial services firm INTL FCStone and gas production and exploration company GEP Haynesville were pulled on Wednesday following a pulled $400m unsecured offering from recycling company GFL Environmental last Thursday, with all the issuers blaming market conditions.Spreads on high yield bonds over US Treasuries widened ...
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