Europe's junk-debt market peaks with Numericable

French cable operator set to raise about €6 billion from 3 chunks of high-yield debt

Riskier companies are issuing debt at their fastest-ever clip in Europe, and now the market looks set to welcome its biggest offering on record.

On Monday, French cable operator Numericable started meeting with investors as it prepares to raise an equivalent of about €6 billion ($8.33 billion) from three chunks of high-yield, or junk, debt, denominated in both dollars and euros.

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