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Headline: Growing pains of leveraged finance Source: Euromoney Date: September 2000 Author: Michael Peterson more on Bonds more on High Yield Bonds High-yield bonds and loans are the business every bank wants to be in. But when bond markets turn nasty, junk debt is the first to suffer. Michael Peterson reports Nowhere is the convergence of bond and loan markets more obvious than in the business of lending to less creditworthy companies. Over the past three years, Europe has gained a reasonable-sized high-yield bond market. |
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