Is the New Par for Loans ... Par?

Kellerhals, Richard
January 2011
High Yield Report;1/31/2011, Vol. 22 Issue 5, p19
The article reports that bond issuers are taking advantage of the loan market by offering refinancing deals that investors see as having aggressive pricing. Banks and issuers are able to refinance at their advantage because there are few loans in the market. An example of which is the loan for Styron Corp. which is now valued 1.4 billion U.S. dollars.


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