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Risky business set to dominate high-yield bond market in 2018

Europe's high-yield market has been on a tear in 2017, helped by jumbo financings from borrowers including Stada Arzneimittel AG.


IF 2017 is the year of big but boring refinancings for the European high-yield market, next year is shaping up to be a different proposition with leveraged buyouts and lower-rated credits expected to drive a bigger share of bond sales.

Yield-hungry investors have embraced...

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