Anatomy of Distressed Debt Markets

Table of Contents Introduction Size of the Distressed and Defaulted Debt Market Distressed Securities Investors Investment Strategies Active Control Investors Active Non-Control Investors Passive Investors Valuation of Distressed Securities Literature Review Measuring and Investing in Defaulted and Distressed Debt Securities Market-to-Face Value Ratios Post-Default Experience Volatility of Defaulted Bond Returns Performance by Seniority Defaulted Loan […]

Advertisements
Continue Reading

Understanding High Yield Bonds: A complete guide for investors, issuers, banks and advisers

Excerpt of chapters 6 – 11 from PEI’s publication Understanding High Yield Bonds: A complete guide for investors, issuers, banks and advisers. Authored by members of Milbank’s Global Securities high yield team, Chapters 6 – 11 are an essential reference guide for all professionals involved in originating, structuring/restructuring, issuing and investing in high-yield bonds, and […]

Continue Reading