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Junk Firms Slam Into Debt Wall; AT1s Strike Back

Junk Firms Slam Into Debt Wall; AT1s Strike Back

FromThe Credit Edge by Bloomberg Intelligence


Junk Firms Slam Into Debt Wall; AT1s Strike Back

FromThe Credit Edge by Bloomberg Intelligence

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)

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.