Issuers Keep Churning Out HY Sequels

Sheahan, Matthew
December 2010
High Yield Report;12/13/2010, Vol. 21 Issue 50, p20
The article reports on the efforts of junk bond issuers and their banking agents to offer add-on tranches to existing high yield bond deals as of December 2010. It says that these add-on offerings are less risky than attempts at new offerings and they make life easier for issuer and investor alike. It adds that add-on bonds make sense for investors because the bond in question already has a trading history on the secondary market. Also cited is an add-on tranche to 8.25% senior notes due 2017 launched by Jamaica's Digicel Group.


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