Buyers Battle for Junk Bond Allocations

Sheahan, Matthew
November 2011
High Yield Report;11/21/2011, p24
The article reports the rush of junk bond investors to get allocations to the limited supply of deals in the high yield bond market. The volume of new money in junk bond funds is cited in comparison with the primary market. Factors to this scarcity are presented with respect to investors snapping up large portions of individual deals. The fight for allocations is discussed together with the tactics employed by investors to get allocations in popular names.


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