Dubai -- High-yield bond, or junk bond
, issuance in the Europe Middle and Africa (EMEA) region hit $31 billion in the first quarter of 2015, slightly ahead of issuance volumes of $29 billion in the same quarter in 2014, Moody's Investors Service said.
It is important to investigate these dates because regulators' handling of the crisis, not just the direct solvency implications of junk bond
losses and policy surrenders, potentially changed the market perception of other insurance firms' values.
Last year's difficult economy and the fallout from earlier telecommunications and technology excesses pushed the junk bond
default rate to a record 15 percent.
If S&P decides to lop off that third B off EDS' credit rating, the service giant would be in junk bond
Accordingly, it's not surprising that GMAC, the conglomerate's only profitable concern, has recently been rated two steps above junk bond
on Tuesday to junk bond
or non-investment-grade status, in what heralds financial difficulties for the world's largest carmaker.
In France, a cable television company called Numericable was recently able to borrow $11 billion, the largest junk bond
deal on record--and despite the risk usually associated with junk bonds
, the interest rate was a low 4.
So why does a junk bond
tend to hold up better during times when rates are rising?
Insurers' junk bond
portfolios declined $11 billion, or eight percent, from $137.
Onetime junk bond
king Michael Milken agreed Thursday to pay $47 million to the Securities and Exchange Commission to end a two-year probe of his deal-making with media moguls Rupert Murdoch, Ted Turner and Ron Perelman.
Parish attributes the junk bond
market's growth to investor demand for higher yields in a generally low interest-rate environment, coupled with a growing market appetite for first-time issues.
Industry Separate Accounts Increase $277 Billion; Junk Bond
Holdings Decline 6%
She's a long way from Wall Street and the high-rolling world of billion-dollar junk bond
financing, but Lorraine Spurge knows how to leverage her job experiences into better opportunities.
25 /PRNewswire/ -- Spooked by losses of as much as 3 percent in junk bond
mutual funds in the past three weeks, small investors are abandoning those high-risk investments for safe money-market funds, according to data gathered for Money magazine's Small Investor Index.
Settlement Sets Pattern for Executive Life Insurance Junk Bond