Loan Market Goes Downscale

Burns, Mairin
June 2003
Investment Dealers' Digest;6/2/2003, Vol. 69 Issue 22, p11
Trade Publication
For the last few months as of June 2, 2003 some outsize deals had emerged in the syndicated loan market. While mutual-fund inflows have begun to slow money is still coming into the market as companies refinance existing debt with high-yield bonds. Banks are encouraging second-tier issuers to take advantage of the financing opportunities that the high-yield bonds have produced.


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