Currently, some market observers believe there is too much and not enough reward with high-yield corporate debt, but for investors desperate for yield, HYDW presents an opportunity for income in less volatile fashion than a standard junk bond
Drexel Burnham's free fall into Chapter 11 was a stunning setback for the company that pioneered the use of junk bond
financing and bankrolled some of the biggest takeovers.
These rules apply to junk bond
funds that are newly created after January 1, 2007, and invest only in domestic asset with 60 percent or more in bonds and 10 percent or more in the eligible debt securities.
on May 5 to junk bond
status, citing their gloomy business prospects.
GM's descent into junk bond
status, and vague but insistent premonitions of bankruptcy, illustrate that the company's "depression recovery" may be underway.
The action also resolves allegations that Credit Lyonnais intentionally misrepresented to the Federal Reserve the extent of its ownership interests in a portfolio of junk bonds
that had been acquired from Executive Life, as well as its substantial equity investment and other relationships with Artemis, S.A., a French company that subsequently acquired the successor insurance company and junk bond
Standard & Poor's sliced another notch off Electronic Data Systems' credit rating yesterday, placing the embattled services company just above junk bond
They are Mike Parton's reward for slashing debts at the troubled group which crashed from a stock market star to a junk bond
Issuance in the second quarter of 2003 climbed to $70.1 billion, the most active period since the second quarter of 1998 when global junk bond
issuance reached $53.8 billion.
Ninety percent of the $6 billion that flowed into longer-term taxable bond funds last month went into junk bond
Depending on the methodology, estimated default rates vary from insignificant (e.g., a 1% to 3% annual default rate in Altman, 1987 and Altman and Nammacher, 1985), to substantial (e.g., a 30% chance that a junk bond
will default before maturity in Altman, 1989 and Asquith, Mullins, and Wolff, 1989).
In early December international rating agency Moody's downgraded Tricom's different ratings to Caa junk bond
It is important to investigate these dates because regulators' handling of the crisis, not just the direct solvency implications of junk bond
losses and policy surrenders, potentially changed the market perception of other insurance firms' values.
CanWest Global Communications' (Toronto, ON) desire to enter the trade publishing industry was denied after the company had to abort a $800 million junk bond
After an attempted $800 million junk bond
issue from CanWest failed to attract much attention the deal was scaled down from its planned initial $3.5 billion price tag by dropping about 70 trade magazines and a few newspapers and websites.