Eircom, New Look may be eyeing high yield bonds

19 Feb 2013

Eircom, the Irish telecoms company, and New Look, the UK high street retailer, are the latest companies said to be mulling European high yield issues this week. Both have been reported to be exploring bond issues in the near future, and bankers said deals from them were either “possible” or “good targets”.

Eircom, which went through a debt restructuring last year and emerged with new owners, is said to be looking for around €500m of high yield bonds.

The balance sheet restructuring saw former shareholders Singapore Technologies Telemedia and the Employee Share Ownership Trust wiped out, together with some €1.7bn ...

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