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  1. phil
    April 22nd, 2014 at 8:00 pm

    Largest junk-bond deal ever on tap

    02:57 PM ET · HYG

    • It may not be the peak, but it’s a lot closer to the top than the bottom. Europe’s lagging – compared to the U.S. – junk bond market is about to see a $11.6B sale by French cable company Numericable Group. It would be the largest junk-bond sale ever both in Europe and the States.
    • Numbericable is a subsidiary of Altice, which will be using the proceeds to fund its purchase of Vivendi’s telecoms business SFR. The deal was originally supposed to consists of a €5.6B bank loan and a smaller offering, but the bank part has pulled back and the high-yield issuance grown.
    • ETFs: HYG, JNK, HYLD, HYS, SJNK, PHB, SJB, HYHG, IHY, ANGL, HYXU, PGHY, HYLS, UJB, XOVR, THHY, YPRO, SHYG, QLTC, IJNK, HYND, HYZD
    var isMC=true; var adSize=’320×50′; var ord = Math.floor(Math.random()*10e12); var seekingalpha_ad_src=’http://ad.doubleclick.net/N6001/adj/sek.mobile/app;sz=320×50,320×250;x=x;tile=1;d=mobile;t=app;mcid=true;mcid=1686003;d=etf;s=HYG;s=JNK;s=HYLD;s=HYS;s=SJNK;s=PHB;s=SJB;s=HYHG;s=IHY;s=ANGL;s=HYXU;s=PGHY;s=HYLS;s=UJB;s=XOVR;s=THHY;s=YPRO;s=SHYG;s=QLTC;s=IJNK;s=HYND;s=HYZD;’+dart_my_vocation_and_profiles()+’ord=’+ord+’;dev=ip?’; document.write(”);



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