TITLE

Investors Unafraid of Second-Lien Revival

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
November 2010
SOURCE
High Yield Report;11/1/2010, Vol. 21 Issue 44, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the re-emergence of second liens in the high yield bond market in 2010. According to Barclays Capital, second-lien high yield bond issuance this year has increased than that of the previous year. It notes that the reappearance of these deals can be attributed to an investor base that is increasingly comfortable with risk as it strives for higher yields. Particular focus is given to the second-lien senior notes issued by Momentive Performance Materials and Momentive Speciatly Chemicals.
ACCESSION #
54939662

 

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