Punchy deals jostle in high yield crowd

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By Karoliina Liimatainen, Silas Brown
31 Jul 2019

Investment grade corporate bond issuance is all but becalmed, but the high yield market is bustling with activity, as a wide variety of companies bring deals, including several strategic capital raisings and M&A financings.

Meanwhile, markets are poised for the US Federal Reserve to deliver the first rate cut for a decade.

The week kicked off with a slew of high yield bond issues — mostly to refinance debt at cheaper rates, with extended maturities and weaker covenants.

Swiss airport services company Swissport ...

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