THE FIRST prolonged period of stability in the capital markets since the summer spurred a renewal of activity in the high yield debt markets this week, as two of the best known European high yield names reopened the sector. First, NTL launched $625m of 10 year bonds via Morgan Stanley Dean Witter, increased from $500m; TeleWest quickly followed, and increased its Donaldson, Lufkin & Jenrette-led 10 year offering from $300m to $350m.
October 30, 1998