The high-yield market pipeline is building up handsomely with some analysts expecting issuance of up to €5 billion of deals. By the end of March, high-yield offerings in the European market had reached €6.5 billion of euro debt, £800 million in sterling and $950 million of dollar bonds.
The high-yield primary market experienced a lull in issuance after March 16, when GM posted its largest profit warning since 1992, causing spreads to widen and some issuers to postpone transactions. Those kep
The week on Risk.net, July 7-13, 2018Receive this by email