HY in better shape: it’s Travelodgical!

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By Victor Jimenez
28 Apr 2016

Travelodge Hotels launched a £360m single-B rated debut bond on Tuesday, in what is being heralded by many in the European high yield market as a sign that issuance will pick up after the summer break.

Bankers and other investors have an optimistic view of how the market will behave for the rest of the year. 

“We didn’t have much issuance in the first quarter of the year, with volumes falling some 75% — which in general would be a sign of a market falling ...

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