LONDON, April 24 (Reuters) - Sales of new junk bonds got
off to a strong start on Monday, with four deals worth a
collective $2.35 billion coming to market, according to lead
memos seen by Reuters.
The transactions include a 975-million euros ($1.07 billion)
bond being sold by German automotive products manufacturer
Benteler, a 750-million euro bond for pharmaceutical company
Cheplapharm, and a minimum 300-million euro bond for French
equipment rental firm Loxam, according to lead memos seen by
Reuters.
Italian pharmaceutical packaging group Bormioli Pharma is
also selling a 350-million euro bond, a source familiar with the
deal said.
($1 = 0.9080 euros)
($1 = 0.9081 euros)
(Reporting by Chiara Elisei, editing by Amanda Cooper)
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