Secondary Market Trends: High-Yield Issuers Weigh Opportunistic Bond Buybacks in Current Market Weakness Despite Uncertain Economic Outlook; Most Likely Candidates Identified in Energy, Oil & Gas and Real Estate Sectors Among Others
Tue 09/13/2022 09:49 AM
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With a large share of high-yield bonds trading well below par, bond buybacks have become a key tool for companies to opportunistically reduce their debt. In the hope that debt repricing will positively contribute to their total return, investors are actively assessing issuers in the best position to execute such transactions. In this piece, we highlight the most likely credits based on bond prices, liquidity strength, business outlook and financial strategy. We also discuss issuers which...
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