Investing in junk bonds : inside the high yield debt market /
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Book |
| Language: | English |
| Published: |
New York :
Wiley,
©1987.
|
| Series: | Wiley professional banking and finance series
|
| Subjects: |
Table of Contents:
- Introducing the High Yield Debt Market
- High Yield Debt--What Is It?
- Why Is It Called Junk?
- Why Has This Market Grown and Who's Involved?
- Recent Issues and Regulations
- Objectives and Recommendations
- The Anatomy of the High Yield Debt Market
- Growth of the Market
- Interest Rates and Returns
- Size and Growth in High Yield Debt
- New Issues 1978-1984
- 1985: A Record New Issue Year? Yes and No
- 1986: Prospects for a New Record Year
- Fallen Angels versus Original Issue High Yield Debt
- Exchange Debt
- New Issuer Characteristics and Underwritings
- New Issue High Yield Debt
- The Typical New High Yield Bond Issuer
- Underwriters
- Gross Underwriting Spread Trends and Estimation
- Investor Attractions: Mutual Funds and Other Investor Activities
- High Yield Debt and the Individual Investor
- High Yield Attractions
- Major Institutional Investors
- Other Institutional Investors
- Default Rates on High Yield Debt
- Summary of Findings
- What Base to Use
- Impact on Annual Returns
- Comparing Default Rates with Returns
- Bond and Industry Characteristics of Defaulting Firms
- Corporate Debt Defaults and Business Failures
- Assessing Credit Quality and Default Risks
- Importance of Credit Quality
- Credit Evaluation Techniques
- Mergers and Acquisitions--Recent Experience and Leverage Issues
- The Recent Activity
- Leveraged Buyouts
- Impact on Pretransaction Investors
- Investor Reaction to Corporate Restructurings
- High Yield Debt's Role
- Hostile Takeovers and Regulatory Changes.