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LMA backs EHYA guidelines for high-yield issuers

The Loan Market Association has come out in support of the market practice recommendations for high-yield issuers made by the European High Yield Association.

The EHYA recommendations, first released in January 2007, encourage high-yield issuers to disclose terms of senior debt facilities during offerings, and to update investors on any changes to those facilities.

"As the trade association for the

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