Here’s What to Watch in European High-Yield Bonds
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Europe’s high-yield bond market is off to a subdued start in September with the US closed for Labor Day. No new deals have been announced so far, but bankers expect that to change soon, with borrowers still focused on refinancing their existing debt.
The next deal to be announced in the market, when one comes, would be the first for Europe’s junk market in well over a month. Iceland Foods was the last to tap the market, with a £475 million ($600 million) bond which priced on July 26.