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European PIK Notes: Picks and Pans

Date: March 29, 2021
Presenters: Belle Yang, Helen Rodriguez, Lauren Holland & Oliver Burke
European PIK Notes: Picks and Pans


As a follow on from our publication, European PIK Notes: A Primer, in which we lay bare the structural attributes and deficiencies of a selection of the mainstream PIKs currently on offer in the European HY space, we present a ranking of the PIK structures and thoughts around relative value.


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