TITLE

High-Yield's Latest Lure

AUTHOR(S)
Bruno, Joe Bel
PUB. DATE
March 2004
SOURCE
Investment Dealers' Digest;3/22/2004, Vol. 70 Issue 12, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that junk-rated issuers in the U.S. have found in 2004 a new way to tempt investors into refinancing deals that otherwise might have fallen on deaf ears: capitalize on interest rate jitters by issuing floating-rate notes. Emergence of floating-rate notes as something of a growing sensation in capital markets; Second look given to floaters by market participants from hedge funds to term loan buyers; Growth targets and strategies.
ACCESSION #
12588544

 

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