Iceland, the UK food retailer, and SC Johnson Wax, the US maker of hygiene products, are among issuers preparing to breathe some life into Europe's high-yield market with new bond deals.
Europe's primary high-yield market is showing signs of coming back to life after a slow start to the year. Goldman Sachs and Barclays Capital have been marketing a handful of "mystery deals", according to high-yield investors. The build-up in the pipeline comes at a time that many investors, flush with liquidity, are desperate for new paper.
