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Leveraged loans in stressed sectors like software carry refinancing risk
Ferrero International markets €300m deal
Six tranche loan attracts record demand
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Unlike Ukraine's other state-owned issuers, Naftogaz is yet to secure full relief from bondholders -
Industry veteran only joined bank at start of year
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Tom Wipf stands down after four years leading introduction of Sofr
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Revised Handbook designed to raise confidence among issuers
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Rampant market tested the limits of investor appetite this week just as central bank support ebbs away
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Rebound in activity might be short-lived as fundamentals remain weak
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