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High yields are keeping investors interested for now
Restructuring of €316m deal from 2021 is likely
Spreads widen after string of surprise jumbo tech trades
Data
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Company's debt woes has seen its credit rating cut another notch -
Investors' wariness around high beta credits is not showing in the primary market
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Average new issue concessions a fraction of what they were a year ago despite almost double the volume being priced
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Creditors can and will be bumped down the pecking order at the time when it matters most
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New role was created by reorganisation in spring
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Changes follow arrivals of Raghavan and Mangla from JP Morgan
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