Friday Workout - NIP in the Bid; Sugar Rush; Carry forwards
- Chris Haffenden
A difficult week to focus on Leveraged Finance, conflicted by Ukraine talks, liquid-fuelled garden work events, 7% inflation prints amid the racket from visa issues down under. In the first full week of 2022 for European High Yield issuance there were signs of a return of new issue premiums giving investors opportunity to reprice credits in their latest financing rounds. We also saw several 2021 restructuring carry forwards amid a scrabble to cover updates from some of the less willing to share formerly troubled credits.