(Reuters) - The so-called "hung" financing commitments, plus a bulging
pipeline of even more debt sales, is pressuring prices of some
junk bonds and loans and could decrease the amount of new
buyout financings that investment banks can do, experts said.
"There's a lot of bank debt that needs to be moved through
the market in this quarter," said Brett Barragate, a New
York-based Jones Day attorney who represents banks involved in
LBOs. "It seems to not have slowed down the pipeline for future
deals, but perhaps it will slow down the pipeline for what we
call the mega deals," he said.
Read more at Reuters.com Bonds News
pipeline of even more debt sales, is pressuring prices of some
junk bonds and loans and could decrease the amount of new
buyout financings that investment banks can do, experts said.
"There's a lot of bank debt that needs to be moved through
the market in this quarter," said Brett Barragate, a New
York-based Jones Day attorney who represents banks involved in
LBOs. "It seems to not have slowed down the pipeline for future
deals, but perhaps it will slow down the pipeline for what we
call the mega deals," he said.
Read more at Reuters.com Bonds News
No comments:
Post a Comment