Tags: junk | bonds | credit | risk

Junk Bond Sales Surge to 10-Week High as Credit Risk Declines

Friday, 12 Jul 2013 06:53 AM

Fiat SpA and Continental AG led the busiest week of junk-rated bond sales in Europe for 10 weeks as credit risk fell to a one-month low.

Sales surged to 3 billion euros ($3.9 billion) this week from 500 million in the previous period, according to data compiled by Bloomberg. Corporate debt risk in the region fell for a third week, heading for the biggest decline in 10 weeks.

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