Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest rates
Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off
Fund managers wary of extra leveraged loans loaded on to companies but find few other attractive investments
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‘Hybrid’ debt was hard hit in 2022 but has rebounded strongly as interest rates start to come down
Head of $1.3tn asset manager says complex forms of debt could ‘accelerate things on the downside’
Recapping and backslapping
Manager has cancelled plans to convert investment-grade credit fund and will opt for a corporate bond fund instead
A trend long associated with equity investing is now playing out in the bond markets
Analysts have long predicted some $6tn held in US money market funds might move into riskier assets like equities
The troubled UK utility is going to the High Court to request a deal with its creditors
The case against the company is that operational problems will persist despite its insistence better days are just around the corner
London office owner faces refinancing risks on debts due next year, rating agency says
ETF launch comes as big investment firms seek to sell alternative assets to retail investors
High yield debt is becoming more investment grade
Flurry of investment-grade bond deals as investors prepare for a potentially volatile autumn
Investors and rating agencies expect Beijing to provide support rather than let senior bonds be written down
Heavy inflows in August are the latest sign of a comeback for fixed income in a cooling economy
Overseas buyers defy Beijing authorities’ unease over fear of debt market bubble
Company to issue $5bn of bonds and $4.8bn of convertible bonds
More than $66bn has poured into fixed-income funds since start of July
Investors withdrew $2.5bn during market plunge on fears of economic slowdown and lower coupons if interest rates fall
Beverage group lured to ‘reverse Yankee’ market by Europe’s low borrowing costs
Buying frenzy highlights exuberance that gripped markets before this week’s sharp sell-off
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