DRIVE
Massaio di Voghera
"Fa si che il tuo debitore possa avere una lunga vita,preoccupati della sua salute e si suo amico,perche' se muore lui, tu seguirai la sua sorte "
e' un detto arabo..
March 29 - Bloomberg (Bryan Keogh and John Detrixhe): "Junk bond sales reached a record this month... Companies worldwide issued $38.3 billion of junk bonds in March, passing the previous high of $36 billion in November 2006... Yields fell 0.95 percentage point to within 5.96 percentage points of government debt, the narrowest gap since January 2008... This is 'an almost 'Goldilocks' environment for leveraged credit markets,' JPMorgan Chase & Co. analysts led by Peter Acciavatti... said... Sales soared as investors plowed a record $33.6 billion into speculative-grade funds this quarter, according to... research firm EPFR Global."
March 31 - Bloomberg (Richard Bravo): "The leveraged-loan market climbed to a 21-month high this week as rising prices spurred companies including Cedar Fair LP and IMS Health Inc. to obtain buyout loans during the quarter, making it the busiest period for such funding since July-through-September 2008. Since Jan. 1, companies have raised more than $5 billion in the high-yield, high-risk leveraged-loan market to finance buyouts..."
April 1 - Bloomberg (Patricia Kuo): "Demand for collateralized loan obligations is reviving, according to Citigroup Inc.... CLOs, shunned for their role in causing $1.76 trillion of bank write downs, buy leveraged loans and then use the payments as collateral for bonds. Citigroup last month priced a $525 million deal in the first new issue in a year. Leveraged, or junk-rated, loans typically fund buyouts. 'More deals are expected in the course of the year,' analysts led by... Ratul Roy wrote... Leveraged loans prices rose to 91.7% of face value this week, the highest since June 25, 2008... The gauge fell to a low of 59% in Dec. 17, 2008."
April 1 - Wall Street Journal (Aaron Lucchetti): "Wall Street continued to recover from the financial crisis in the first quarter as junk-bond issuance was brisk and a late rally in stocks helped rev up banks' underwriting machines. Banks sold more than $1.93 trillion of stock and bond offerings to investors during the quarter, up from $1.61 trillion in the prior three months and from $1.79 trillion in the 2009 first period.
e' un detto arabo..
March 29 - Bloomberg (Bryan Keogh and John Detrixhe): "Junk bond sales reached a record this month... Companies worldwide issued $38.3 billion of junk bonds in March, passing the previous high of $36 billion in November 2006... Yields fell 0.95 percentage point to within 5.96 percentage points of government debt, the narrowest gap since January 2008... This is 'an almost 'Goldilocks' environment for leveraged credit markets,' JPMorgan Chase & Co. analysts led by Peter Acciavatti... said... Sales soared as investors plowed a record $33.6 billion into speculative-grade funds this quarter, according to... research firm EPFR Global."
March 31 - Bloomberg (Richard Bravo): "The leveraged-loan market climbed to a 21-month high this week as rising prices spurred companies including Cedar Fair LP and IMS Health Inc. to obtain buyout loans during the quarter, making it the busiest period for such funding since July-through-September 2008. Since Jan. 1, companies have raised more than $5 billion in the high-yield, high-risk leveraged-loan market to finance buyouts..."
April 1 - Bloomberg (Patricia Kuo): "Demand for collateralized loan obligations is reviving, according to Citigroup Inc.... CLOs, shunned for their role in causing $1.76 trillion of bank write downs, buy leveraged loans and then use the payments as collateral for bonds. Citigroup last month priced a $525 million deal in the first new issue in a year. Leveraged, or junk-rated, loans typically fund buyouts. 'More deals are expected in the course of the year,' analysts led by... Ratul Roy wrote... Leveraged loans prices rose to 91.7% of face value this week, the highest since June 25, 2008... The gauge fell to a low of 59% in Dec. 17, 2008."
April 1 - Wall Street Journal (Aaron Lucchetti): "Wall Street continued to recover from the financial crisis in the first quarter as junk-bond issuance was brisk and a late rally in stocks helped rev up banks' underwriting machines. Banks sold more than $1.93 trillion of stock and bond offerings to investors during the quarter, up from $1.61 trillion in the prior three months and from $1.79 trillion in the 2009 first period.
