Altice’s record HY bond nears amid concern over Ukraine

Numericable
By Stefanie Linhardt
16 Apr 2014

The high yield market is in a state of high anticipation as its largest ever deal, the €10.2bn financing for Altice's takeover of SFR, approaches the market, just as mounting tension between Ukraine and Russia threatens to escalate, writes Stefanie Linhardt.

One of the most fickle asset classes in the capital markets, high yield bonds can swing quickly in and out of favour with investors, sometimes because of generalised shifts in risk appetite driven by political or monetary events.

If markets can remain stable, the bond issue is widely expected ...

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