QE sparks hairy high yield spree as debutants take advantage

By Karoliina Liimatainen
28 Nov 2019

A number of untested European companies have made their entrance to the international high yield bond market in the past two weeks as central banks fuel conditions that pamper repeat and new issuers alike, while driving investors into ever riskier assets in a hunt for yield. Karoliina Liimatainen reports.

There has been little sign of resistance from investors as new companies have piled in. Those new issuers that have come to the euro and dollar HY markets of late have been able to do so with industry-standard weak covenants — or in some cases even more pared-down ...

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