Credit Suisse Backs Biggest Junk Debt as Yields Drop

Credit Suisse Group AG agreed to provide the biggest high-risk, high-yield debt package to finance an acquisition this year as banks and investors are showing signs of growing risk appetite.

Reynolds Group Holdings Ltd., owned by New Zealand’s richest man, Graeme Hart, may use $5 billion in leveraged loans and junk bonds to finance the largest U.S. acquisition by a speculative-grade company this year, tapping credit markets to pay for 83 percent of the takeover with borrowed money.