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High Yield Bonds

Four Issuers Kick Off July with $1.46B in HY

Four companies started July off by issuing a total of $1.46 billion in high yield bonds Wednesday. And another company plans to price $275 million today...

Corp. Default Rate Reaches 9.2%

The U.S. speculative-grade corporate default rate reached 9.16% in June, a year-to-date high, according to a report issued by Standard & Poor’s today...

E*Trade Financial Makes Exchange Offer Progress

Financial services company E*Trade Financial has met with early success following the launch of an exchange offer, the company said today. The company will exchange approximately $1.7 billion in convertible debentures for about $1.83 billion in senior notes...

Some Secured Liens More Equal Than Others

Spanish-language broadcaster Univision Communications was one of the many companies to successfully issue bonds in June. What distinguishes the New York-based company from its peers is the fact that the intercreditor agreement puts the bondholders at a disadvantage to the company’s secured loan holders...

Cos. to Price More than $1.7B in HY

Five companies plan to price $1.76 billion in new high yield bonds today to kick off the second half of the year. Companies are on pace to issue more than $3.2 billion in new junk bonds this week...

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