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Loose Change

20 Jul 2006

Where have all the deals gone? Investors are beginning to wonder what has happened to all the disappearing debt.

Where have all the deals gone? Investors are beginning to wonder what has happened to all the disappearing debt. A Bank of America and Lehman Brothers financing for InfoNXX, a telephone directory service, launched last Tuesday and was pulled a day later. The same fate a few weeks ago befell IWCO, a Bear Stearns-led deal that also got pulled just days after syndication launched. Investors complained they didn't even have enough time to come up with a reason to criticize the credits before they were pulled.

20 Jul 2006