Sentence examples for issuers of junk from inspiring English sources
Issuers of junk bonds are currently paying a spread of just over four percentage points, compared with a five-year average of more than six.
In the late 1990's, the biggest issuers of junk bonds were rapidly expanding cable and telecommunications companies, many of which ultimately defaulted on their debts.
"Historically, below-investment-grade bonds tend to outperform higher-quality credits as the economic environment improves," she said, partly because issuers of junk bonds are typically highly leveraged and their debt burden decreases as business grows.
An issuer of junk bonds paid you a few dollars per bond to consent to changes in the bond's terms.
Some issuers of new junk bonds in the consumer sector are likely to have to pay roughly 9 percent on new bonds, up from about 8.5 percent before this week's volatility, said Kevin Cassidy, senior credit officer with Moody's.
Although investment-grade spreads have moved little since then, those of junk issuers have continued to tighten, from 1,100 bps in October to 730 now.In this section The temptations of yield Name theory Trouble at home Banks beaten Black ink Unhappy returns Bad habits Inelastic bands Germany's euro test ReprintsThe same pattern can be seen in emerging markets.
In 2002, 19% of junk bond issuers defaulted, and Moody's considered another 21% of them to be "distressed," meaning they had a just-above-default credit rating of C. A year later conditions improved.
Moody's Investors Service said last week that 136 issuers worldwide defaulted on a record $54.1 billion of junk bonds in the first half of the year, but it forecast an end to the steep increase by early 2002.
Holders of junk bonds have little protection if an issuer runs into financial difficulties.
Piles of junk everywhere.
