Greek Corporate Junk Bonds Attracts US Investors

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Mani
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India move aside. Frigoglass SA sold its 250 million euro debut bond deal tight on Monday, amid growing confidence from investors about Greece. This is part of a growing trend of Greek Junk Bonds attracting foreign investors. Greek Junk Bonds and Yields Frigoglass is the Greek maker of drinks fridges with large operations in Africa. Its five year senior high yield notes traded up nearly two points on Tuesday. Frigoglass’ 250 million euro ($324.3 million) bond is the second debt sale from a Greek company in as many weeks, as the country’s corporate bond market emerges from a deep freeze. The…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports