Investing in junk bonds: inside the high yield debt market
The first comprehensive guide to the burgeoning, new high-yield debt or ``junk bond'' market. Edward Altman and Scott Nammacher, leading experts on debt financing and co-developers of the Zeta model for predicting business failure, offer sophisticated investors a complete analysis of the high-yield bond market, its anatomy, history, participants, risks and returns. With Altman and Nammacher's Zeta model, investors can gauge the safety of an issue before they commit. This book helps private investors and mutual fund, pension, bank, and insurance money managers make sure their junk bonds don't live up to the name.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Recent Issues and Regulations 7 til?
Size and Growth in High Yield Debt
A Record New Issue Year? Yes and No
14 other sections not shown
Other editions - View all
Airlines annual return assets bankruptcy basis points billion Bond Fund bond rating cash ﬂows Chapter companies Corp corporate debt credit quality data base Date deals Debt Debt Debt Default debt issues default rate default risk dollar downgraded Drexel Burnham Lambert duration Exhibit fallen angels ﬁnance ﬁnancial ﬁrms ﬁrst Funds Percent Government Bond High Income high yield bonds High Yield Composite high yield debt high yield portfolios High Yield Securities Holding Issuer Total HY Composite Industries interest rates investment grade Issuer Holding Issuer Issuer Total Funds junk bonds Keystone B-4 LBOs low-rated March 31 maturity median Moody’s Morgan Stanley Mutual Funds nonrated Number of Funds Number of issues Percent of Issuer period Quartile rated debt return spreads S&P rating Shearson signiﬁcant signiﬁcantly speciﬁc strategies Table takeovers underwriting yield debt market Yield Fund yield spread yield to maturity zero coupon bond Zeta score