At the time, CreditSights analyst Roger King called the deal a “kitchen sink” offering because of the poor quality of the underlying assets.
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At the time, CreditSights analyst Roger King called the deal a “kitchen sink” offering because of the poor quality of the underlying assets.
Wall Street analysts anticipate that the surge will continue, with CreditSights analyst Patrick Luby forecasting that the pace of tax-free bond sales will drop this year to a more than two-decade low.
One option for those hired bankers to consider is capitalizing on the bond sell-off by persuading Oxy’s creditors to swap their unsecured paper below face value for secured bonds. Charles Johnston of…
“Avis is making a case that it can fund the cash flow hole” created by travel closures with a combination of this new bond deal and other debt, CreditSights chief…