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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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◆ Issuers return with solid, but unspectacular deals ◆ CLOs promise a great reset ◆ China’s problems stay in China -
High-end resort deals do well but generic business hotels still under the pressure of higher rates
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Private loan securitization grows fast to help major asset managers get round tricky regulations
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UBS has kicked off its first round of job cuts ahead of unveiling the new leadership of its corporate finance business
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UK pub company was one of many to agree coronavirus pandemic waiver on debt testing
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The deal was the first to be completed since Global ABS
