MMI re-opens high yield

MMI debut heralds return of high-yield bond market

MMI Holdings closes a $300 million debut high-yield bond, while Core Education & Technologies decides to postpone its deal.

<div style="text-align: left;"> MMI is one of the biggest makers of precision mechanical components, accounting for 20% of world disk drives shipped </div>

Denise Wee

February 21, 2012

MMI International, a precision parts maker, made its debut on Friday with a $300 million high-yield bond, encouraging debt bankers to believe that the sub-investment grade market is open once again after months of inaction.

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