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Byline: Allison Bisbey Colter Many highly levered middle-market companies that may be otherwise healthy are at risk of defaulting the next time they need to refinance, according to Thomas Benninger, [...]

Byline: Paul Burton Even though the high-yield debt market is starting to lose steam, banks are continuing to expand their origination and trading staffs. KeyBanc Capital Markets doubled its personnel [...]

Byline: Matthew Sheahan The junk bond market came in the first quarter a lion and went out a lamb, as spreads widened in March amid concerns about events in Japan [...]

Byline: Matthew Sheahan The U.S. high-yield bond market is expected to continue to experience refinancings, but the volume of issuance likely won't eclipse supply seen in the last 18 months, [...]

Byline: Matthew Sheahan Private-equity firms have turned their attention to healthcare companies, bringing a string of deals to the leveraged loan and high-yield bond sectorsthat market participants expect to continue. [...]

Byline: Matthew Sheahan The banks putting together a debt package forApollo Global Management's $1 billion purchase of fast-food outfit CKE Restaurants are doing something that isn't seen very often. They [...]

Byline: Richard Kellerhals High-yield bond and leverage loan markets have started to see the return of dividend deals, a relic of the buyout boom and a source of aggravation for [...]

Byline: Kelly Holman By Kelly Holman hen Hellman & Friedman and Bain Capital Partners purchased Neuberger Berman from Lehman Brothers for $2.1 billion in September, the all-equity transaction illustrated more [...]

Byline: Mathew Sheahan Credit rating agencies have come under heavy fire for how they rated structured products and certain mortgage-backed securities. Just last week, the state of Connecticut filed a [...]

A recent ruling by a federal bankruptcy court judge has angered many in the high yield bond community, who feel his decision to allow Pacific Lumber Co. to sell off [...]

Chicago's US Futures Exchange announced last week it will list cash settled futures contracts derived from Lehman Brothers' US Treasury Index, US Corporate High Yield Index, US Credit 7-10 Year [...]

Fixed-income investors had plenty to contend with this past year, from saber-rattling shareholders to rising short-term interest rates and a nearly complete shutdown of the high-yield bond market for the [...]

After four months of speculation and two weeks of syndication, leads JPMorgan, Deutsche Bank, Citigroup, Goldman Sachs and Morgan Stanley wrapped up the $5 billion credit facility backing the $11.4 [...]

The European high-yield market looks to be back in business after it nearly shut down for some six weeks in the second quarter because of fallout from credit downgrades related [...]

Three years after sacking its high-yield bond team in London as part of a reorganization of its corporate bond businesses, SG CIB, the corporate and investment banking arm of the [...]

It may have taken more than a half-dozen years, but 2003 will go down in the record books as the year that the European high-yield market finally began to realize [...]

The ongoing new issuance boom in high-yield corporate debt has been a double-edged sword for the smaller-tier players feverishly working to carve out their share of the hot market. Although [...]

High-yield bond investors are getting frustrated with what they say is a growing industry problem: Many are having a tough time finding out any information about the companies whose bonds [...]

Focuses on the status of the high yield market. Companies using the junk bond market to slash debt loads; Factors that contributed to the strong performance of the sector; Effect of issuers' transfer of credit risk from lenders to the public bond markets on the high yield sector; Risks of using high yield as a short-term remedy for long-term financial problems.

Rumors that Dresdner Kleinwort Wasserstein will ax its U.S. high-yield bond operations, despite that unit's slight uptick in business in 2002, is a signal to insiders that the domestic high-yield [...]

Focuses on the condition of European high-yield market. Value of European junk deals from underwriting; Withdrawal of second-tier players in the market; Changes of financial institutions to domestic high-yield market.

Focuses on the implications of the junk bond issued by McLeod USA Inc., a competitive local exchange carrier (CLEC) on the operations of telecommunications in the U.S. Competitors in the CLEC market; Total revenue; Firms affiliated. INSET: Can CSFP hold onto its winning streak?.

Speculates on the future of leveraged financing in the United States. Dispersal of the inner circle of senior bankers of former junk bond leader Donaldson, Lufkin & Jenrette; Trading of non-investment grade bonds at wider spreads; Implosion of aggressive lending to high yield bonds; Wachovia Corp.'s coverage of multi-million dollars worth of bad loans; Institutional investors' diminished interest in junk bonds.

Focuses on the growing competition in the junk bond market in the United States for the first quarter of 2000. Amount of total junk bonds invested in the market; Details of factors that encouraged competition among investors; Growth of competition.

Reports on the effect of the rise in junk bond default levels in the United States. Collapse of junk bond issuer Iridium LLC; Effect of Iridium's collapse on the increase in junk bond default levels; Effect of defaults and the decline of credit quality on high-yield markets.

Reports claims of investors against Wall Street underwriters on junk bonds market. Analysis on markets of junk bonds and underwriter; Firms cited as least supportive in bonds market; Response of cited firms on claims of investors; Explanation on junk bonds market results; Strategies adopted by companies to survive in stock market. INSETS: A comeback for cyclicals spurs deals;The perennial case for Europe.

Focuses on problems encountered by bankers with the decline of the high-yield market in the United States. Impact of the global economic crisis; Ways by which bankers respond to crisis; Strategies for locating and luring buyers into the investment scene. INSETS: The downside of all that global fervor;Market upheaval crimps Euro-junk's style.

The article focuses on the expansion of RBC Capital Markets Inc. to large-cap companies. The company hopes to win mandates by depending on the balance sheet of its parent company, Royal Bank of Canada. It notes that it has 52 mergers and acquisitions (M&A) banking professionals. It has also make use of its private equity interest in its junk bonds and senior bank debt.

Reports on the improvements in junk bond trading in the U.S. Investment trading in floating-rate notes; Expansion in the investor base; Support of the floating-rate leveraged loan market towards greater liquidity; Financial indicators.

The article presents information on the European junk market. Daragh Murphy, associate director in Fitch Ratings' London-based leverage finance group, said that even though the short-term outlook is benign, it would not take many defaults for the rate to go up. The list of stressed companies in Europe is growing and the longer it gets, the greater the likelihood for some defaults to happen. The increased participation of nontraditional investors and U.S. players has been a significant driver of the increase in liquidity in European high yield.

Reports on the decline of high-yield junk bonds trading. Factors influencing trading in the sector; Implication of the trend on secondary trading; Ways by which top-ranked banks offset the slow trading in junk bonds.

Discusses the impact of the merger between Anthem Inc. and WellPoint Health Networks Inc. on the junk bond market. Value of the deal; Value of the bond offering associated with the deal; Demand among junk bond buyers; Performance of the high yield bond.

Reports on financial institutions in New York City's Wall Street district that saw the greatest percentage of their deals default between 1995 and 1999. How Salomon Smith Barney and Donaldson Lufkin and Jenrette are leaders of the overall market; How Jefferies and Co. is having the highest default-to-issuance rate; High-yield, convertible and preferred bonds that defaulted during the period.

An interview with Cantor Fitzgerald LP credit head Adam Vengrow is presented. When asked about the possible impact of the tragedy in Japan on the leveraged loan and high-yield bond markets, he says that those that have dramatic exposure abroad will see weakness. He comments on how long the phase of easy access to the leveraged loan and high-yield bond markets will last, the long-term effect of loan repricings on the market, and whether he sees new competitors in the trading-underwriting business.

The article focuses on junk bond issuance in Asia. It notes that high-yield bond issuance had increased in 2011 from Asian companies, but U.S. investors stayed cautious as pitfalls remain despite strong corporate conditions. A report from Moody's Investor Service reveals that junk bond issuance in Asia in 2010 was nearly four times that of 2008 and 2009. Jack Deino of Invesco Inc. says they would have had more exposure in Asian high-yield corporate if it were not for corporate governance issue.

The article reports on the four percent drop of the issuer-weighted global speculative-grade default rate of Moody's Investors Service Inc. in September 2010 in the U.S. The rate in September 2010 was considered much lower to the rating in the second quarter of 2010 and the third quarter of 2009. It provides a forecast on Moody's default rate, the U.S. junk-rated issuers, and the European non-investment grade issuers in the fourth quarter of 2010 and 2011.

The article reports on the high-yield bond issuance in the U.S. It reveals that year-to-date through August 12, 2010, high-yield bond issuance is at 148 billion dollars, an increased of 77 percent from 2009. It also notes that many of the new issues carry partial investment-grade ratings because of strong investor demand in the country.

The article reports on the implications of junk bond issuance to cope up business enterprises' bankruptcy in the U.S. Kingman Penniman, chief investment officer of Montpelier, Vermont-based KDP Assets Management, stated that the outsize returns of high-yield debt market has gained the 19 billion U.S. dollars sale due to loan maturities. The author also emphasized the disadvantages of bank loan maturities because of insufficient management of collaterized loan obligation and hedge funds.

The article reports on the impact of high-yield bonds in the U.S. Martin Teevan, a senior managing director of high-yield bonds, states that the come back of high-yields is a good scenario for the new-issue market because there is a lot of money to be put to work given new inflows, coupon incomes and people are chasing performance. Peter Ehret of Invesco implies that bonds are being issued in greater quantity than loans.

The article reports on the growth of financial institutions carrying out a consolidation of high-yield bond and leveraged-loan in the U.S. It reveals that the move plays significant role in attracting investors and buyers to acquire assets as well as enables financial firms to save costs. However, it states that combining high-yield bond with leveraged-loan offers several challenges to the financial services industry.

The article presents business forecasts regarding the capital market for leveraged buyout (LBO) loans and high-yield bonds in the U.S. in the autumn months of September and October 2007. Thirteen billion dollars worth of bridge loans and LBO debt could result in a tightening of credit conditions for investment banks. Information is presented on restructured LBO loans, including that of US Foodservice and Bombardier Recreational Products.

The article reports on the growth in issuance of the European junk bond, a high-yield bond rated below the investment grade at the time of purchase. The growth is attributed to the large deals taking place in the European market, closing the gap on high-yield issuance with the U.S. As of June 27, 2007, the number of junk bonds issuance in the region reached to 35, with Deutsche Bank AG leading the list, followed by BNP Paribas.

The article reports that Merrill Lynch & Co. Inc. was ranked as No. 2 among the high yield businesses in the U.S. and the global market. According to Greg Fleming, president of global markets and investment banking at Merrill, the company will not compete with JPMorgan Chase & Co., which is at No. 1. Recently, Merrill Lynch, along with JPMorgan, underwrote a $6 billion junk bond offering for metals giant Freeport McMoRan Copper & Gold.

Several charts are presented depicting the condition of the capital markets in the U.S. in 2006 including the high grade debt issuer fees paid. It also includes the high-yield issuer fees paid by companies such as NRG Energy Inc. and Lyondell Chemical Co., as well as the convertible issuer fees paid in the year 2006.

The article reports on the improvement of junk bonds marketing in Europe for the first half of the fiscal year 2006. Thompson Financial revealed the study conducted to investigate the high-yield debt market. Junk market has generated $16.4 billion which is 64% higher compared to the previous year's first half outputs. Credit Suisse topped the ranking, followed by Citigroup Inc.

The article reports on the consideration of the European Commission of the Trade Reporting and Compliance Engine system to ensure transparency in the European bond markets and other non-equity markets. According to one high-yield trader, European investors are more ambivalent about greater transparency in European high yield since it will not materially change prices that investors ultimately pay. One gaining favor among its junk market is the implementation of an opt-out mechanism.

The article reports that an unidentified U.S. telecom company plans to sell some $400 million worth of high-yield bonds. The proceeds will be utilized to build out its current network. An executive working on the deal refuses to identify the company but claims that the offering will be different from the notorious junk bond sales from companies such as Global Crossing and XO Communications.

The article reports on the poor performance of the high-yield bond market in the U.S. A financial expert claims that high yield is one of the most intriguing asset classes in the capital markets. According to the Merrill Lynch & Co. Inc. Master High Yield Index, the high-yield returned only 2.73 percent in 2005. Factors affecting high-yield bonds include structural problems in mutual funds and close-end funds.

The article presents information on the prospects for the U.S. bond market for the year 2006. While the European high-yield bond market performed under many analysts' expectations in 2005, market players hope that the sector can revive in 2006 despite some warning signs in its sister market across the Atlantic. Further, some European deals showed aggressive pricing last year compared with the U.S., a trend that bankers hope will continue. Still, at the end of the day, European junk remains tightly tied to the U.S. market.

This article presents information on the performance of the bond market in the year 2005. According to the author, the decline in the interest rates in mid-year helped increase asset-backed bond issuance, while investment-grade volume showed no change and high-yield issuance slowed down. Marwan Marshi, global head of capital markets at Citigroup, said that there was not nearly much of a need for the high-grade sector in this year as corporations and financial institutions did a lot of financing during the 2003 and 2004. Junk bond volume decreased by more than 40% because of the second-quarter slowdown, though a strong showing by the leveraged loan market.