Deals
‘Peak Greed’ Fuels Record Junk Bond Sales in Europe
- High-yield bond sales set to top $11bn in record this month
- Market goes risk on with LBOs, payment-in-kind notes
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One of the riskiest corners of the European bond market is enjoying its busiest January ever as companies rush to grab ultra-cheap yields and some of the more dubious instruments popular ahead of the financial crisis resurface.