Loans poll: high yield still the refi solution
Although high yield has suffered an extremely volatile last 12 months, the sub-investment grade bond market remains the most likely source of relief for Europe’s estimated $550bn 2012-2016 leveraged buy-out maturity wall, according to EuroWeek poll of market participants.
Some 62% predicted that high yield bonds — in both Europe and the US — would continue to refinance the bulk of maturing junk debt in Europe, despite the market showing itself in 2011 not to be as mature as many believed.
The second most popular option was for
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