LukeatLCD

LukeatLCD


Journalist at LCD, covering high-yield bond market. Tweets my own

1404 followers  •  173 follow  •    •   http://www.leveragedloan.com

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snDNLBAbc4308cd028711069fb230442437d6f5

In HY, looks like sweet spot is large-cap corps with hair on them. Casino was tipping point, then Teva, now JLR. So many record low coupons this yr (20% of BB bonds <2%, a record), accounts fatigued. Size matters. 750M deal for tough large cap easier than 300M for hairy credit

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