Investors Upbeat About Unsecured Deals

Sheahan, Matthew
September 2010
Investment Dealers' Digest;9/24/2010, Vol. 76 Issue 35, p8
Trade Publication
The article reports on the move of investors to deal with unsecured high-yield debt offerings in the U.S. bond market. Mike Simonton, managing director of Fitch Ratings Ltd., believed that the junk bonds have low interest rate environment within complex capital structure compared to secured bonds. Todd Sycoff, a high-yield trader at Broadpoint Gleacher Securities Group Inc., stated that the bonds are also important in high-yield market, credit quality and leverage levels of the issuers.


Related Articles

  • Long-Term Bonds Stay Rare for HY Market. Sheahan, Matthew // High Yield Report;7/26/2010, Vol. 21 Issue 30, p21 

    The article describes the state of long-term bonds in the high yield market. It was observed that the issuance of long-term junk bonds are being deterred by low credit quality and market volatility. Diane Vazza, head of global fixed income research at Standard & Poor's, admitted that it is...

  • Downsized Deals Could Signal HY Repricing. Sheahan, Matthew // High Yield Report;5/30/2011, Vol. 22 Issue 22, p21 

    The article reports on a growing number of downsized deals in the junk bond primary market in 2011. It cites JBS USA as the most recent firm to price a downsized deal. According to Todd Sycoff of Gleacher & Co., there had been consistent inflows in both the loan and high yield markets. It notes...

  • Late Surge Propels Junk Market To Record Levels. O'Leary, Christopher // Private Placement Letter;01/18/99, Vol. 17 Issue 3, p1 

    Reports on the performance of the high-yield junk bond market of the United States in 1998. Policy of the United States Federal Reserve; Effect of the interest rate cut in October 1998; Performance of the telecommunication industry.

  • Moody's: HY Outlook Imperiled by Risk. Sheahan, Matthew // High Yield Report;10/4/2010, Vol. 21 Issue 40, p22 

    This article reports on the threat of elevated levels of risk facing the high yield market in the U.S. in 2010.

  • Junk bonds resurging but at wider margins. Tarquinio, J. Alex // American Banker;11/5/1998, Vol. 163 Issue 213, p19 

    Reports on the resurgence of the junk bond market in the third quarter of 1998. Reasons why retail investors are showing a renewed interest in junk bond deals; Signs that margins will tighten up again in the future; Domination of the telecommunications sector; Value of senior notes issued by...

  • Mezzanine debt still in favor for Europeans. Burns, Mairin // Investment Dealers' Digest;01/29/2001, Vol. 67 Issue 4, p10 

    Reports on the strong market performance of mezzanine debts or high-yield bonds in Europe. Percentage of total loan debt that is mezzanine; Role in the refinancing of leveraged buyouts and as a pure-play long-term subordinated debt instrument.

  • European CDOs Favor Leveraged Loans for Diversification. Husban, Sarah // Bank Loan Report;5/21/2001, Vol. 16 Issue 20, p1 

    Focuses on the lack of sector diversity in the European high yield market. INSET: Lack of Diversity Affects Ability to Meet Rating Criteria.

  • Restructurings/Roadshows Grip Europe, While US Cools Off. Appin, Rick; Husband, Sarah // Bank Loan Report;4/22/2002, Vol. 17 Issue 16, p10 

    Presents updates related to high yield bond markets in the U.S. and in Europe as of April 22, 2002.

  • High Yield Bonds are Asset of Choice.  // Bank Loan Report;3/31/2003, Vol. 18 Issue 13, p1 

    Reports on the increased demand for high-yield bonds in the first quarter of 2003.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics