All investors will sell the euro as a low-yielding currency and move into the US dollar. This logic is the right step, America's economy is on the rise!
Borrowers Tread Carefully in Europe's Frail Junk Bond Market
Three high-yield borrowers in the European market are trying to avert meeting the same fate as many others who were forced to retreat earlier this year. Deals announced this week include a 660 million-euros ($769 million) buyout financing for WFS Global Holding SAS, a 300 million-euros refinancing for Ceva Logistics AG, and 515 million-euros of payment-in-kind notes for WiZink Bank SA, supporting the sale of a minority stake to its majority shareholder. Companies selling bonds are increasingly paying close attention to their coupons and terms after at least ten deals were either delayed or withdrawn due to resistance from investors ... (full story)
- Posted: Jul 27, 2018 5:25am
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