HY market grapples with tough turnarounds

By Alex Radford
14 Aug 2019

With no major new issues in sight, the high yield bond market has been dominated by the news of troubled businesses struggling to come up with credible turnaround plans.

Investors in Thomas Cook had to hold on to their seats this week as the the UK travel company and airline admitted its £750m rescue deal with Chinese conglomerate Fosun was not enough to keep the company flying. It needs at least another £150m, and some of this ...

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