New sales from insurance brokerage Hub International Ltd. and chemical producer OCI NV have drawn substantial orders and priced at yields around the low end of underwriters’ expectations, said Scott Roberts, head of high-yield investments at Invesco Ltd. That’s a stark change from the McDermott and American Greetings offerings.
“It’s been a food fight to get bonds,” Roberts said. “It’s refreshing to see.”
This article was provided by Bloomberg News.