Iqvia breaks staleness silence in HY land

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By Owen Sanderson
17 Feb 2021

Software company Iqvia had the euro high yield market almost to itself this week, as last Friday’s go-stale deadline slowed the frantic issuance which has characterised the year so far. As a double-B unsecured credit targeting pricing in the 2s, it was a punchy deal, but the result exceeded the issuer's expectations.

European high yield has had a storming start to the year, with a rush of trades including heavily oversubscribed tranches at the bottom of highly levered capital structures, capped off by Asda’s multi-record-breaking sterling deal.

But Friday February 11 marked the “go-stale” deadline for issuers looking to ...

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