22 min listen
Junk Firms Slam Into Debt Wall; AT1s Strike Back
Junk Firms Slam Into Debt Wall; AT1s Strike Back
ratings:
Length:
26 minutes
Released:
Apr 13, 2023
Format:
Podcast episode
Description
The takeover by creditors of German retailer Takko Fashion, with a solid operating performance, highlights the rising risk for junk-rated issuers facing a mountain of debt coming due. Some will require drastic solutions as funding costs jump and the economy slows, according to Giulia Morpurgo, a reporter at Bloomberg News in London. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also talks to Hong Kong-based Bloomberg Intelligence analyst Pri de Silva about opportunity in the financial sector following the recent collapse of banks in the US and Europe. Additional Tier 1 securities are poised for a comeback — with imminent issuance in Asia — and they’re too good for investors to miss given relatively high yields, says de Silva.See omnystudio.com/listener for privacy information.
Released:
Apr 13, 2023
Format:
Podcast episode
Titles in the series (68)
Structured Credit; Healthcare Distress by The Credit Edge by Bloomberg Intelligence