High yield investors thirsty for deals gulp Sappi and Faurecia

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High yield investors thirsty for deals gulp Sappi and Faurecia

Sappi sign in US from Alamy 230x150
HRJ7JF A logo sign outside of a facility occupied by Sappi Limited in Allentown, Pennsylvania on February 26, 2017. | Alamy Stock Photo

European high yield investors are as eager to buy bonds as their investment grade counterparts — the difference is, while IG issuers have been pouring paper into the market, high yield has been in a drought. But that is at last starting to break.

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