Buy-outs dominate high yield’s year

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Buy-outs dominate high yield’s year

After the disappointments of the previous year, players in the high yield market presumed 2002 could only be better, but they could not have been more wrong. Philippa Nuttall looks at how issuance in the high yield market was affected by the worldwide economic downturn and why some market participants remain upbeat despite an abundance of negative news.

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