Latest news with #riskydebt
Bloomberg
3 days ago
- Business
- Bloomberg
Junk-Rated Debt Boom Faces Investor Fatigue as Some Deals Stall
It's been a borrowers' market for months, but signs of flagging investor zeal for the riskiest slices of debt are starting to trickle in. PetSmart rewrote credit documents to block the bold, anti-lender maneuvers it once popularized. Spanish waste-treatment firm Urbaser SA offered similar concessions to wrap up a €1 billion ($1.2 billion) deal funding a dividend to its private equity owner. Meanwhile, a $1.55 billion leveraged loan for Station Casinos, was scrapped after rock-bottom pricing was snubbed by investors.
Bloomberg
09-05-2025
- Business
- Bloomberg
'A Lot of Liquidity in the Bond Market': Citigroup's Zogheb
Top bankers from Citigroup and Barclays who are underwriting new deals see investors ready to jump on risky debt. In an interview with Sonali Basak, Citigroup's head of debt capital markets, Richard Zogheb, says 'There's a lot of liquidity in the bond market,' and Goldman Sachs Group Inc.'s chief credit strategist, Lotfi Karoui says 'I think you have to be mindful and respectful of demand technicals.' (Source: Bloomberg)
Bloomberg
09-05-2025
- Business
- Bloomberg
Citigroup, Barclays See ‘Mountain of Money' for Risky Debt
Top bankers from Citigroup Inc. and Barclays Plc who are underwriting new deals see investors ready to jump on risky debt, despite expectations of an economic slowdown. 'There's a lot of liquidity in the bond market,' Citigroup's head of debt capital markets, Richard Zogheb, said in a Bloomberg Television interview Friday. 'You've got north of a $1 trillion in private credit, and well north, multiple trillions in fixed-income markets, the regular way fixed-income markets, that's available to be invested.'
