The high-yield market is going through a retro feel, as private equity sponsors are lowering their equity exposure to levels reminiscent of deals done in the 1980s. Their attempt to cut shareholdings in companies to below the 10% mark common 20 years ago is being promoted by an accommodating bond market.
This arrival of more supply in the market has not been welcomed by all, and instead has led investors and analysts to question corporate strategy and the use of the bond proceeds. For the most pa
The week on Risk.net, July 7-13, 2018Receive this by email