Mezzanine market takes off

high yield/mezzanine debt

While some expert commentators express concern mezzanine debt is yet to face its real test, brokers such as Cantor Fitzgerald were writing reports on 10 March with titles such as "Look At That Mezz-Man Go!"

The brokers noted benign credit conditions in the US were "feeding an outsized appetite for Baa/BBB risk (and) mezzanine tranches in the structured market have outperformed." The brokers also noted that phones in general and AT&T in particular had outperformed amid the M&A-rich

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: