Punchy deals jostle in high yield crowd

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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