Riskiest Borrowers Are Racing to Markets
- January was busiest month since July for triple C-rated deals
- Investors are taking bigger risks in search of greater yield
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Borrowers from the low end of the junk spectrum have launched a flurry of bond deals to tap demand from investors keen to lock in higher yields.
About 2 billion euros ($2.41 billion) of triple C-rated debt has launched so far this year, accounting for around a fifth of total high-yield issuance, according to data compiled by Bloomberg. That makes January the busiest period for the rating category since July.