Intralot, BMC show high yield market not in holiday mood yet
If there was to be a summer break, no one told the high yield market. Bankers found themselves heading into August with a boom to contend with this week. S&B Minerals priced a €275m deal, while Cabot completed a £100m issue and Cogetech prepared to price its €165m deal on Friday. Two European firms tapped the US high yield market — Alcatel-Lucent for $500m and Swissport for $390m.
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