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There is no crock of equity gold at the end of the rainbow
Creditors can and will be bumped down the pecking order at the time when it matters most
Restructuring takes step towards conclusion
Public markets have proven to be often just as illiquid, leading to a convergence in approach
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Investors' demand for new money deals could push the trend -
South African bank paid slightly wider margin than last year
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Banks should stop blaming issuers and start providing opportunities
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Garrett brings recap loan, VTU closes financing for its LBO
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Glass container maker was upgraded by Moody's after strong results
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Investors look for good names as spreads stabilise
