High-yield passes LBO test – but timing is essential

Successful deals from Flora Food, Refresco and Fedrigoni in recent days have shown that the European high-yield market is open to LBO deals – but issuers are far from having the upper hand and remain vulnerable to investor push-back.

http://www.ifre.com/high-yield-passes-lbo-test-but-timing-is-essential/21338287.article

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