Loan Defaults Outpace Bonds; Country Garden Woes
Companies with floating-rate debt are feeling the pain of higher interest costs as leveraged loan defaults outpace that of junk bonds, Bloomberg News’ Jill Shah, says. The one-year default rate for US...
17 Aug 202324min
Lenders Vie for Yellow Loan; Consumer in Focus
Yellow — the bankrupt trucking firm — is deciding between competing financing packages from lenders including Apollo, Bloomberg News’ Amelia Pollard says. The company owes the US government more than ...
10 Aug 202329min
Leveraged Loans Reap Risk-On Gains; Indonesian Junk
Leveraged loans are enjoying a euphoric risk-on period of excess demand for limited supply, according to Bloomberg News’ Jeannine Amodeo. Banks offloading hung buyout debt at a steep discount could se...
3 Aug 202327min
Distressed Creditors Play Nice; Telecoms in Focus
Carvana is a rare case of lenders working together to agree restructuring terms and could be a blueprint for other distressed debt situations, according to Bloomberg News’ Erin Hudson. The used-car se...
27 Jul 202321min
China’s Debt Powder Keg; Canada Faces Mortgage Test
China’s local governments are struggling to repay trillions of dollars in infrastructure debt, just as more property developers tip into distress, according to Bloomberg News’ Wei Zhou. A Chinese muni...
20 Jul 202329min
CLOs Stage a Comeback; Shipping’s in Dire Straits
Signs of life in collateralized loan obligations signal credit market healing, according to Bloomberg News’ Lisa Lee. But it’s too early to predict broad and sustained recovery as interest rate and ma...
13 Jul 202324min
Subprime Auto-Loan Shock; Thames Water Meltdown
Bonds backed by car loans are headed for their first loss since the 1990s as Americans fall behind on payments and dealerships collapse, says Bloomberg News’ Carmen Arroyo. Consumers are burning throu...
6 Jul 202324min
Brilliant Private Debt Returns; Paramount Bonds Lag
Canadian pensions are piling into private debt, lured by fatter returns than in corporate bonds, says Bloomberg News’ Paula Sambo. But smaller funds are struggling to raise cash for the strategy as pu...
29 Jun 202320min
