Financial Times FT.com

Bond issues reveal divide

By Ivar Simensen

Published: April 24 2006 20:39 | Last updated: April 24 2006 20:39

The gap between US and European government bond yields has made the euro market more attractive for companies that look to issue subordinated high-yield bonds.

Sensata Technologies, the maker of automated sensors and controls, on Friday sold a total of $750m high-yield bonds to refinance part of a $3bn leveraged buyout by Bain Capital. Sensata was previously a part of Texas Instruments, the US technology company.

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