Sentences with phrase «debt at a higher yield»

Greece is the rare sovereign that issues sovereign debt at a higher yield than some Greek corporates.

Not exact matches

The bonds of iHeartMedia have long been in the basket of «distressed debt,» meaning their prices have fallen so far to where their yields are at least 10 percentage points higher than equivalent Treasury yields.

If mortgage interest rates were higher, paying down this debt would make more sense, but with rates at about 4 percent, investing that money could yield a higher rate of return.

«Shorter duration hedge fund assets have grown at a rapid pace even as market liquidity has deteriorated, particularly in the high yield and distressed debt markets.

Lewis, fund's chief investment officer, spent nine years at Citigroup as a director of the bank's global special situations group, a $ 5 billion prop - trading group that specialized in distressed debt, high - yield bonds, and value equity.

Previously, Erdoes worked at Bankers Trust in corporate finance, merchant banking and high - yield debt underwriting.

The irony is that the US has hit its debt ceiling and the US Federal Reserve will end its bond purchases at June - end: both factors that should be pushing yields higher.

While at Credit Lyonnais, Mr. Fink helped develop the institution's High Yield Department and specialized in investing in high yield subordinate dHigh Yield Department and specialized in investing in high yield subordinate Yield Department and specialized in investing in high yield subordinate dhigh yield subordinate yield subordinate debt.

We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.

Prior to joining Cerberus, Mr. McLeod managed the leveraged finance origination and execution activities at CIBC World Markets from 1998 to 2006, where he originated, structured and executed transactions involving high yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking investments.

At Bear, Stearns & Co., Mr. Abbott served as a Vice President in Financial Analytics & Structured Transactions (F.A.S.T) where he structured and reverse engineered complex CDO transactions, secured by a wide range of debt products, including high yield bonds, senior secured leverage loans, trust preferred bank loans, RMBS as well as other esoteric receivables.

So while these «fallen angel» bonds have the potential to be intrinsically higher quality than debt originally issued at the junk or high - yield level, undue structural selling pressure from the downgrade can cause them to sell at a discount.

Global monetary policy remains broadly accommodative — and in some areas more and more so — propelling equity markets ever higher and leaving a record amount of sovereign debt around the world (almost US$ 12 trillion by midyear) yielding at or below zero (source: Fitch Ratings, as of 6/29/2016).

You can invest in higher yielding properties at much lower valuations for $ 5,000 — $ 10,000 minimums versus coming up with a $ 200,000 + downpayment and taking on $ 1,000,000 in mortgage debt for the median SF or NYC home price.

December was another solid month for European high - yield debt, with Barclays's benchmark cash index tightening by 40 basis points, ending the year at a new post-crisis low.

Jon published high yield and distressed debt research while he was at sell side broker firms Advest and RW Pressprich.

The market «prices in» the tax - deductible feature on municipal coupon payments, so when you aren't a beneficiary of said tax treatment, then I (at least) believe it makes more sense to get tax - free income on higher yield corporate debt (of the same credit profile).

At the end of the day, high - yield corporate debt generates returns that are highly correlated to the returns of stocks, and it's for that reason we regard them as a kind of «equity light» or «decaf equity.»

A diversified bond fund that invests at least 70 % of its assets in investment - grade debt with tactical investments in high - yield and non-U.S. dollar bonds.

If it were 45 % higher, that would bring it to nearly 30, or 20 percent higher than where it was at the peak of last year's high - yield debt concerns and not much lower than where it was during much of the worries about European debt in 2012.

Look at the yield on juniormost debt security of the firm, the cost of equity is higher than that.

Joseph Welsh serves as senior vice president and the Head of the High Yield Corporate Debt Team at OppenheimerFunds.

A perfect example would be stowing that money away in a high - yield savings account that they could later use to chip away at their student debt.

Investment - grade corporate debt offers higher yields than long - end Treasuries at less than half the volatility, our analysis shows.

A diversified bond fund that invests at least 70 % of its assets in investment - grade debt with tactical investments in high - yield and non-US dollar bonds.

However, high yielding stocks are a VERY crowded trade because the Central Banks have kept interest rates low, probably in large part to facilitate servicing of the national debts and to allow the investment banks to recapitalize and at least partially recoup their bad leveraged bets.

Instead of paying two credit cards, I ended up dividing the debt between three credit cards (at least until Card # 2 was paid off) and making two transfers to high - yield savings each month.

We can see this dynamic at play in the figure below, which looks at the correlation between the amount of money flowing into risky assets (emerging markets, high yield debt) and the balance sheets of the four largest central banks.

If company ABC (Rating: AAA) wanted to issue bonds at 5.00 % their competitor XYZ (Rating: AA) would have to pay a higher yield to attract the equivalent investment because of the perceived lesser quality of their debt.

As far as the government is concerned, there is also the problem of demand for the (existing) debt at such low yields and that more new debt can't be issued at higher yields without increasing the cost of servicing that debt.

The new debt raised by WFC and JPM will be primarily at this holding company level, though presumably the bank loans and revolving loan will be fully secured by Heinz's subsidiaries and their assets, while new high - yield notes would be unsecured.

Underwriting volume this year for high - yield securities, known widely on Wall Street as junk debt, has sunk at firms such as Merrill Lynch, Citigroup, Lehman Brothers and JPMorgan Chase, adding more salt to the wounds already inflicted by massive losses on souring mortgage securities.

For others though, this deferral may be a deciding factor in whether they can afford to do the conversion at all, or allow them to pay down high interest debts (almost always the highest - yielding investment decision a person can make).

Or there's a high coupon or a low priced debt tranche that can be forcibly redeemed / called at a nice price — again, replace it with new low yield debt.

Any recession in the next five years will see the vast majority of corporations issuing new debt in an environment where their coupons will be at higher yields and their total total debts will be more difficult to service.

«As for common stocks, they should trade at an earnings or FCF yield greater than that of the highest after - tax yield on debts and other instruments.»

While helping developers somewhat by filling the notable gap in available debt, these options come at higher rates and thus, as is the case with construction costs, drive down project yield.

However, the improved loan performance has come at the price of two important changes in the market — higher going - in debt yields for new financing, even in the case of centers that are well - operated, and the bifurcation in pricing between class - A malls and lower tier properties.

«A voracious appetite for quality triple net deals has resulted in extremely high valuations and aggressive pricing but we were able to finance the acquisition of this quality portfolio at a very attractive debt yield,» said Karlin Real Estate Lending Managing Director Larry Grantham.

The pricing range is now starting at around 150 bps over SWAPS for very low loan to value and high debt yield transactions and can go all the way up to 220 bps for full leverage loans with lower debt yields.

Adam Hooper — I want to go back to something you said there, just to pick apart a little bit for the listeners, so the high yield debt, bridge debt, hard money loans, you said they liked those deals at 80 cents in the dollar.

Mr. Newman was a Managing Director and the Head of Real Estate at leading private equity firm Madison Dearborn Partners, co-ran Merrill Lynch Global Principal Investments with responsibility for both high - yield debt and opportunistic equity investments, was an Acquisitions Principal at Walton Street Capital, and was an Attorney in the VC / LBO group at Kirkland & Ellis.