Junk Bond Buyers Cheer as Shareholders Meet Debts: China Credit

Junk Bond Buyers Cheer as Shareholders Meet Debts: China Credit
When access to debt capital markets is difficult, fresh equity is often cheaper for high-yield companies, according to Sean Chang, the head of Asian fixed income at Baring Asset Management Ltd., which managed 36 billion euros ($ 44.8 billion) globally …
Read more on Bloomberg on Junk Bond Buyers Cheer as Shareholders Meet Debts: China Credit

Junk Bond Buyers Cheer as Shareholders Meet Debts: China Credit

Mexican Homebuilder Urbi Files Prepackaged Bankruptcy Plan
… Prudential Real Estate Investors, Ashmore Investment Management Ltd. and BlueBay Asset Management LLP, Urbi said. Creditors that signed on to the plan hold 21.9 billion pesos ($ 1.55 billion) in Urbi debt, or just over 53% of the company’s total debt.
Read more on Wall Street Journal on Junk Bond Buyers Cheer as Shareholders Meet Debts: China Credit

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Junk Bond Buyers Cheer as Shareholders Meet Debts: China Credit.