The market for European junk bonds has been boosted by two deals today, including the largest since volatility in May brought high-yield sales to a halt, in a sign that issuance could yet reach record levels this year.
German auto parts manufacturer Continental today priced a €750m ($947.5m) five-year bond, the largest since the European market reopened in early June with a small deal from French drinks manufacturer Rémy Cointreau, and larger than the €650m deal that HeidelbergCement brought at the end of June.
