You are here: Home » Reuters » News
Business Standard

Analysis: U.S. junk bond investors push back on loose terms

Reuters  |  NEW YORK 

By Kate DuguidNEW YORK (Reuters) - WeWork Companies' $702 million junk-bond debut last month included a feature investors in the space had seldom seen in recent years: a sweetened yield. To persuade investors to buy the deal, the office-sharing firm ultimately jacked up the interest rate it would pay by about a full percentage point to 7.875 percent. That deal and a handful of others in the $1.5 trillion high-yield market show that bond buyers are clawing back some of the leverage they ceded during nearly 10 years of indiscriminate buying in a sometimes-frantic hunt for yield.In the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 11 2018. 22:52 IST
RECOMMENDED FOR YOU