Fallen angels to drive German high yield deals

Author: | Published: 13 May 2011

Recovering German corporates are set to drive the next stage of German law high yield due to their preference for local law and advisors.

Leïla Röder of White & Case in Munich said banks are confident that a number of the companies, known as fallen angels, are getting more comfortable with high yield and are looking to tap the capital markets for funding over the next two years.

According to Röder, the banks believe these companies will insist on German law...