Telecoms giants shrink Europe’s high yield universe
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Telecoms giants shrink Europe’s high yield universe

Vodafone

The European high yield bond market was built on telecoms companies, but in the last month their share has shrunk, as several have shored up their capital structures ahead of the heavy financial lifting set to be required for 5G infrastructure. More than €10bn of high yield bonds are likely to be repaid, leaving investors sitting on piles of cash going into September.

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