Fri 09/24/2021 13:29 PM
The European primary market got into second gear this week with more than €22.2 billion-equivalent of high-yield bonds and leveraged loans on offer. Next month will likely get even busier with banks telling funds that there is some €40 billion to €50 billion of supply on the way, split slightly in favor of loans, and that issuance will likely peak in October.
Markets were unsettled this week amid the fallout from the Evergrande
situation in China and the prospect of an energy crisis...
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