HY market disappeared - Sales of high-yield bonds had all but dried up this year as recession worries and fallout from a global financial crisis curbed investor demand for riskier debt. Just $5.9 billion was issued in the first quarter, an 85 percent drop over the year-earlier period, according to Thomson Financial.
Around the end of March, the pipeline of LBO debt included about $127 billion of unsold loans and $74 billion of bonds, according to Bank of America estimates.
2011 Flying Heart Cellars Red Wine - $5
13 years ago
No comments:
Post a Comment