High yield investors thirsty for deals gulp Sappi and Faurecia
European high yield investors are as eager to buy bonds as their investment grade counterparts — the difference is, while IG issuers have been pouring paper into the market, high yield has been in a drought. But that is at last starting to break.
So far this year, there have been 19 high yield issues in the six main west European currencies, according to Dealogic, totalling €7.8bn. In the same period last year, there were 56 deals worth €15.5bn.“There has been very little issuance, and it has all been double-B corporate ...
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