High-yield debt is an important supplier of financing for a wide array of corporate functions. This note discusses the basic features of high-yield debt, some of its benefits and disadvantages, and the marketplace in which it is chiefly issued in the United States: the Rule 144A market. Since the market serves businesses that are volatile and more risky, the characteristics of the debt differ in pricing, availability, and hazard compared with investment-grade debt. The note supplies and discusses info to illuminate every one of these differences.
The High-Yield Debt Market case study solution
PUBLICATION DATE: September 24, 2013 PRODUCT #: UV6756-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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