Ista bond launch pushes weekly high yield count to 18

02 May 2013

Ista, the German metering business, launched the high yield bond portion to finance its takeover by CVC on Friday. The deal announcement pushed the number of marketed deals in the European high yield market this week to 18.

The week was the busiest ever in terms of marketed European high yield issues, with 13 priced by Thursday, while New Look’s £808m of notes were still expected to be sold on Friday.

Ista's notes comprise €500m of senior secured and €525m of senior subordinated bonds.

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