UPDATE 1-Surging borrowing costs, vanishing buyers: more pain ahead for European junk bonds
Borrowing costs for junk-rated
European companies have nearly tripled in less than a month, and
with the market for new debt issuance shuttered, there could be
a lot more pain in store for firms needing to raise fresh money
to redeem debt.
European companies have nearly tripled in less than a month, and
with the market for new debt issuance shuttered, there could be
a lot more pain in store for firms needing to raise fresh money
to redeem debt.
Posted by Reuters
