Cammell Laird bond to meet pent up demand

UK shipbuilder Cammell Laird is planning to provide Europe's junk investors with the type of deal they have been looking for: a double B-rated credit.

Cammell, based in the north west of England, is to issue €125m ($110m) of 10-year bonds. Donaldson, Lufkin & Jenrette will manage the sale.

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