High yield issuers not bothered by chill in the air

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High yield issuers not bothered by chill in the air

Cold chill windy weather from Alamy 230x150
KX601D A man eating a snack and looking out to sea wearing warm clothes against the cold windy weather | Alamy Stock Photo

Softness in risk asset markets has not choked off the flow of new high yield issues in Europe, though there are no investment grade new issues on Wednesday, a French holiday. Virgin Media is holding investor calls today for a new $825m and £300m senior secured issue, rated Ba3/BB-/BB+.

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