Thyssenkrupp Elevator launches €4 billion high-yield bond issue

LONDON (Reuters) - Thyssenkrupp Elevator has launched a widely anticipated high-yield bond to raise more than 4 billion euros (£3.6 billion) to help finance its own acquisition by a private equity consortium led by Cinven and Advent, a lead manager said on Wednesday. The German company will issue several euro and U.S. dollar tranches, both secured and unsecured, of maturities between seven and eight years, the lead manager said. A successful deal would help to seal one of the biggest leveraged..