French Companies Are Rushing to Sell Junk Debt Ahead of Election
- Some investors worry about more losses in adverse scenarios
- Junk bonds, risky bank debt on offer shortly before the vote
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French companies are rushing to secure funding ahead of any potential disruptions following the first round of parliamentary elections this coming weekend.
Car maker Renault SA’s financing arm and frozen food chain Picard Groupe SAS are among those hitting the market. There is a brief window for firms to do so as a gauge of credit risk has eased in recent days, after it surged in the wake of President Emmanuel Macron calling a snap election.