Inside the High Yield Debt Market with Rajay Bagaria
Excess Returns
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The Differences Between Bonds and Leverage Loans
Bonds have a fixed rate of interest. They might cost an issuer 7% and laws pay interest today on a spread to sofahr. Leverage loans don't have much in the way of penalties, similar to your mortgage. A company that has a lot of free cash flow that intends to do leverage will want some prepayable debt.
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