In with the old: High yield investors seek out repeats

By Frances J. Yoon
29 Jul 2013

Investors are clamoring for more familiar names and better credit quality within the high yield space as volatile financial markets continue to keep bond buyers on edge about new issuers that require them to comb through the fundamentals.

While debut high yield borrowers have tested the market recently, such as Multipolar, with its $200m five non-call three debut deal on July 18 and Modernland Realty’s upcoming maiden five year bond, some investors say they are more interested in buying repeat high yield issuers in familiar industries rather ...

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