EHYA presses for greater loan disclosure to combat 'parallel' markets

The European High Yield Association (EHYA) has urged all high-yield issuers to disclose details of their financing arrangements, from the launch of their transactions through to the maturity date. Market participants believe the current situation could tempt some to exploit knowledge of loan transactions that they have and others lack.

Craig Abouchar, the EHYA's chairman, says the absence of disclosure, a marked difference of the European market compared with the US, prevents bond investors from

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