Smurfit Kappa, Thyssenkrupp bonds lapped up, ending HY summer break

Smurfit Kappa
By Karoliina Liimatainen
02 Sep 2019

Two near-investment grade industrials made a splash in the high yield bond market on Monday, with both Smurfit Kappa and Thyssenkrupp getting their order books oversubscribed multiple times.

The two companies’ bonds were welcomed by hungry investors on Monday as the September high yield markets opened up to the two well known double-B issuers.

Smurfit Kappa, an Ireland-based FTSE 100 company specialising in paper packaging, increased the size of its eight year senior bond from €500m to ...

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