Downsized Deals Could Signal HY Repricing

Sheahan, Matthew
May 2011
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 that the pricing of Chrysler Group's two-part bond deal exemplifies the juggling act between bonds and loans.


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