A double B credit rating has helped Dutch petrol group Petroplus complete its €150m ($133m) bond sale amid mid turbulent high yield market conditions.

Petroplus had to make a pricing concession on the deal, agreeing to pay a yield of 10.5%, wide of the 10% to 10.25% indicated range. But this was after the fourth consecutive days of falling prices both sides of the Atlantic, and widespread scepticism that the bonds would sell.