HY market grapples with tough turnarounds

Draghi_PA_230x150_060219
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.