BeBeez | Megadeal, Is the Train Starting Again?
Jul 2024
Originally posted by BeBeez on July 1, 2024.
Increased stabilization of rates and decreased debt market volatility have led to a series of high-yield bonds being issued in Europe.
Refinancing happens for two reasons: to extend debt maturities or to take advantage of falling rates.
Unrest in Ukraine sparked a blaze of energy prices in H2 2022 through 2023. However, these rates have since stabilized.
“To this, we must add the sea of liquidity stemming from the availability of high-yield bonds, which are still on the market for medium-large operations. This has also made the supply of debt sources more flexible,” Daniele Candiani, co-head of Lincoln’s Capital Advisory Group in Europe, commented. “Today, it may happen that an issuer with a BB rating collects at a fixed rate of 7% or just above.”
Guaranteed returns are lower in the presence of volatility, when at the level of a global financial crisis. The decline in volatility has reported favorable conditions for the resumption of emissions.
Summary
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Lincoln International’s Daniele Candiani identifies the effects of high-yield bonds on market liquidity for medium-large operations.
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By linking my experience in debt advisory and mergers and acquisitions, I look forward to delivering flexible and innovative financing solutions to make an impact that matters with long-term target clients, as Lincoln does best.
Daniele Candiani
Managing Director & Co-head of Capital Advisory, Europe
MilanMeet Professionals with Complementary Expertise in Capital Advisory

By linking my experience in debt advisory and mergers and acquisitions, I look forward to delivering flexible and innovative financing solutions to make an impact that matters with long-term target clients, as Lincoln does best.
Daniele Candiani
Managing Director & Co-head of Capital Advisory, Europe
Milan
I build trust with clients by putting their interests first at all times.
Aude Doyen
Managing Director & Co-head of Capital Advisory, Europe
London
My approach with our bankers and clients is to listen, pay attention to detail, anticipate and keep an eye on the big picture.
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