PLEASE HELP WITH: State of High-Yield Bond market / Lev Fin / League Tables

banker2018's picture
Rank: Monkey | banana points 36

Hello everyone,

I'm interested in the state of the High-Yield Bond Market. I know that in the 80s high-yield bonds were used to finance large LBOs and that there was a few boom and busts. Are high-yield bonds still commonly used to finance LBOs? If so, does anyone have any idea on the percentage of high-yield bonds used for LBOs vs simply for fallen-angles and other regular capital raises?

Also, does anyone have any idea on banks whose Lev Fin groups work primarily on financing LBOs? My ideal job would be to work on analyzing an LBO target, pricing high-yield bonds (or syndicated loans) used for the acquisition, underwriting the financing (committing our banks balance sheet to the deal), and then marketing the high-yield bond to investors (or to other banks if it's a syndication) to get the bonds (loans) off of our banks balance sheet. Do you think this type of Lev Fin job still exists?

Lastly, do you know if there's any place to find good data on high-yield bond issuers? I have access to FactSet and a Bloomberg terminal.

Thanks for all your help!

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Comments (2)

Feb 15, 2018

Hi banker2018, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:

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  • More suggestions...

Or maybe the following pros can chime in... @Tallganesh @qtqt123220 @summitsandsparkles

Fingers crossed that one of those helps you.

Dec 17, 2018
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