Organizations that issue high -
yield debt include many different types of U.S. corporations, certain U.S. banks, various foreign governments and a few foreign corporations.1
Not exact matches
Given Osiris's strong five - year record of growth and profitability, Bowers was able to help make Miller's wishes come true: he structured a deal that raised $ 13 million from a large local pension fund — the Pennsylvania Public School Employees Retirement System (see «What Pension Funds Want,» [Article link]-RRB--- by selling a package of subordinated
debt and convertible preferred stock, which
included a fixed interest rate and dividend
yield.
debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding
debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower
yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities
include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions
SHYL tracks a broad and straightforward short - term bond index that
includes all high -
yield corporate
debt meeting the liquidity requirements.
These
include emerging market bonds, high
yield debt, corporate bonds and mortgage bonds.
Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes
including high
yield, distressed and investment grade bonds, convertible bonds, public and private corporate securities, leveraged loans and emerging market
debt.
Although the bond market is also volatile, lower - quality
debt securities,
including leveraged loans, generally offer higher
yields compared with investment - grade securities, but also involve greater risk of default or price changes.
Our Global Market Strategies segment, established in 1999 with our first high
yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit, equities and alternative instruments,
including bank loans, high
yield debt, structured credit products, distressed
debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high -
yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.
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.
Such strategies involve investing predominantly in corporate credit,
including senior secured and mezzanine loans and high
yield, distressed and high grade
debt securities, private equity controlled positions, real estate investment and investment in pools of non-performing loans in Europe and Asia.
Leveraging our leading institutional distribution platform, our goal is to provide our clients with solutions across all banking products,
including initial public offerings, follow - on offerings, wall - crossed offerings, bought deals, private placements, ATMs, convertible offerings, leveraged loans, investment grade and high -
yield debt offerings and all forms of advisory services.
It's also interesting to examine the changing significance and dynamics of the European bond market in general, which has almost doubled in size since 2005 to more than $ 10 trillion today,
including government, investment - grade corporate
debt and high
yield.
Examples
include U.S. high
yield or EM corporate
debt.
That's dragged
yields on $ 7.8 trillion of government
debt negative; by contrast, the lowest rated corporate bonds have returned 151 percent since 2008,
including 9.4 percent this year through mid-June.
Democrats» efforts to
include debt restructuring powers for Puerto Rico in the House's massive omnibus spending bill fell short,
yielding only a commitment from Republican leadership to work on legislation that would help the ailing island by next spring.
They often
include instruments such as high
yield, emerging market
debt and other more esoteric instruments that tend to be missing from traditional bond funds.
Offering access to all areas of the bond market, our range
includes global, major market and strategic bond funds as well as specific areas such as high -
yield and government
debt.
(For readers unfamiliar with the term, «shareholder
yield» is a holistic measure of shareholder friendliness that
includes dividends paid, shares repurchased, and
debt repaid.)
It is a multi-asset fund but it is largely unconstrained: it targets US and international income - producing securities
including common stock, high -
yield and investment grade
debt, preferred shares and convertibles, and a variety of hedges
including gold, precious metals, currency forward contracts, and inflation - linked vehicles.
Looking both within and outside of the benchmark, the Fund seeks relative value opportunities across traditional investment - grade and high -
yield bond sectors, also
including nontraditional asset classes like non-U.S. sovereign and corporate
debt, convertibles, and floating - rate loans.
The Fund may engage in active and frequent trading of portfolio securities to achieve its investment objective... the Fund will invest in a portfolio of securities
including: equities,
debt, warrants, distressed, high -
yield, convertible, preferred, when - issued... options, total return swaps, credit default swaps, credit default indexes, currency forwards, and futures... ETFs, ETNs and commodities.»
Once we're past the «mostly,» things open up to
include high -
yield debt, swaptions, shorting, currency hedges, bank loans, corporate bonds and other creatures.
Under J.R.'s management, S&P Dow Jones Indices has launched a global suite of fixed income indices, which
includes a focus on transparency for municipal, corporate, and high -
yield bonds, senior loans, and sovereign
debt.
Although the bond market is also volatile, lower - quality
debt securities
including leveraged loans generally offer higher
yields compared to investment grade securities, but also involve greater risk of default or price changes.
These funds invest across a diverse range of fixed income sectors,
including high
yield securities, U.S. Government and investment - grade securities, emerging market securities and foreign developed market
debt.
The U.S. Treasury
yield curve
includes the three - month, two - year, five - year and 30 - year issued U.S. Treasury
debt.
Deutsche X-Trackers MSCI Eurozone High Dividend
Yield Hedged Equity ETF (HDEZ) tracks an underlying index that requires consistent dividend payments and screens for quality factors
including ROE, earnings variability and
debt to equity.
My previous picks
include CQS New City High
Yield, which holds bonds, shares and preference shares; Gravis Clean Energy, which invests in renewables; infrastructure -
debt fund Sequoia Economic Infrastructure; medical - facilities fund MedicX; and HICL, which backs public - sector infrastructure.
Review Amazon's cash flow situation,
including its free cash flow
yield, operating cash flow from organic growth and cash flow from
debt financing.
Include debt such as municipal and corporate bonds, but add to the mix convertible, floating rate, and high
yield bonds.
Although the bond market is also volatile, lower - quality
debt securities,
including leveraged loans, generally offer higher
yields compared with investment - grade securities, but also involve greater risk of default or price changes.
Logan Circle's core fixed income products cover the breadth of the maturity and risk spectrums,
including short, intermediate and long duration, core / core plus, investment grade credit, high
yield and emerging market
debt.
Corporate
debt yields include a corporate risk premium over treasury
yields.
Schwab Intelligent Portfolios excelled largely because of its fixed income allocation, which
included high -
yield bonds and international
debt, according to the Robo Report.
It stops focusing on US investment - grade
debt and gains the freedom to own up to 50 % high
yield and up to 50 % international,
including emerging markets
debt.
Lower - rated or high
yield debt securities («junk bonds») involve greater credit risk,
including the possibility of default or bankruptcy.
A broad ensemble of global income investments, the Fund seeks value opportunities across both traditional investment - grade and high -
yield bond sectors and nontraditional asset classes,
including convertibles, preferred stocks, non-U.S. sovereign and corporate
debt and floating - rate loans.
Up to 30 % of assets may be invested in fixed income securities
including lower - quality, high -
yield corporate
debt.
Lower - rated or high
yield debt securities involve greater credit risk,
including the possibility of default or bankruptcy.
A review of high -
yield debt investments should cover: (1) analysis of the industry,
including growth rates, special risks and leading companies; (2) analysis of the bond issuer,
including the company's position in its industry; new products; management stability; the outlook for growth in revenues and cash flow as captured in Earnings Before Interest, Taxes, Depreciation and Amortization, also called EBITDA; value of corporate assets and the
debt maturity schedule; and (3) analysis of the issue,
including special provisions in the «bond indenture,» covenants protecting the bondholder, use of the money raised in bond offerings,
debt seniority, secondary market liquidity and call provisions.
Studies have shown that the dividend
yield is most most useful in conjunction with other measures of shareholder
yield including net buybacks and net
debt reduction.
While bond funds that own a wide variety of high
yield debt will
include some Fallen Angel bonds, the Market Vectors Fallen Angel HY Bond ETF (NYSEArca: ANGL) is the only fund that tracks these former investment grade bonds exclusively.
The Adviser may also make active asset allocations within other asset classes (
including Commodities, High
Yield Debt, Floating Rate
Debt, Real Estate
Debt, Inflation - Protected
Debt, and Emerging Markets
Debt) from 0 % to 10 % individually but no more than 25 % in aggregate within those other asset classes.
She said there are more profitable ways than cash to mitigate portfolio risk,
including dividend - paying stocks, exchange - traded funds, high -
yield corporate bonds and emerging market sovereign
debt ETFs.
His transactional work
includes initial public offerings (with an emphasis on bio-tech and high - tech companies), high -
yield, convertible and straight
debt offerings, tender offers and issuer repurchase programs.
He regularly advises publicly traded clients on matters of corporate finance,
including public and private equity and high -
yield debt offerings, buy - side acquisitions, and securities law compliance.
His practice focuses on public and private corporate finance transactions,
including initial public offerings, convertible and high -
yield debt offerings and private equity investments, and mergers and acquisitions.
Led by Asia managing partner William Barron, Davis Polk's
debt capital markets team closed more than 50
debt offerings for companies from India, China, Japan and Korea,
including more than 10 high
yield offerings across the region.
He has advised U.S. and non-U.S. issuers and underwriters on capital markets transactions,
including initial public offerings and other equity offerings and public and private high -
yield, investment - grade and convertible
debt offerings,
including in Latin America.
In addition, he regularly advises public clients on matters of corporate finance,
including public and private equity and high -
yield debt offerings, buy - side acquisitions, and securities law compliance.