High yield and convertible/exchangeable bonds - .PDF file.
The first half of 2013 has seen private equity sponsors and corporate borrowers continue to look to the corporate bond and debt capital markets, as an alternate source of funding to bank lending, for M&A and joint venture project activity.
Appetite for this kind of borrowing together with strong investor demand has resulted in the availability of attractive financing options. This has significantly improved the deal-making environment for cross-border M&A activity in 2013. Commentators expect continued activity in this market well into 2013 and 2014…
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