Leveraged loans may benefit from investor hunt for yield

Loans left alone

burger-king-logo
The buyout of Burger King was financed with a $1.85bn term loan

The continuing trend of credit spread tightening in 2010 may have focused European investors’ attentions on the higher yields to be found in the sub-investment grade universe, but their gaze is still directed largely at high yield bonds, rather than leveraged loans.

While leveraged buyouts of high-profile firms like RBS WorldPay, a payment processing division of RBS, and French frozen food retailer Picard Surgelés received enthusiastic responses from investors, participants remain unconvinced th

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