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Thursday, 17 May 2012

US HY bonds wrap: Caesars, HCA jump in as new issue frenzy continues

Continuing the new issue frenzy of last week, the high-yield primary market is very active this morning with five US dollar deals launched, the biggest of which is Caesars Entertainments’ US$1.25bn eight-year non-call four senior secured issue via JP Morgan, Bank of America Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs and Morgan Stanley joint books.

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