Corus, the Anglo-Dutch industrial group labouring under a £1bn (€1.5bn) debt burden, plans to renew its attempt to raise €500m ($600m) in the high-yield bond markets, in a move likely to see Credit Suisse First Boston pick up the arranging mandate for the second time.

Philippe Varin, chief executive of Corus, said on Thursday during a trading update that the group would revive its bond issue "as soon as market conditions improve".