European HY set for €5bn September

By Stefanie Linhardt
29 Aug 2013

After an August bereft of deals, the European high yield market is gearing up for a return of transactions in September. While issuance is not expected to top last year's €9.1bn equivalent September record, some €5bn of deals could be in the making.

At an expected average deal size between €250m and €400m, this could mean up to 20 deals being priced in September. Last year's record month counted 29 transactions, according to Dealogic.

Banks expect to start premarketing around two to three deals in the first week of September, ...

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