Thursday, August 09, 2007

Companies Pulling Debt and Bond Deals

It seems that compnaies are do not want to issue debt at this time.
In the past two weeks, another 13 corporate loan or bond deals have
been postponed or reduced, representing just under $43 billion, in new research
released Thursday by Baring Asset Management. The total number of deals pulled since June 22nd now stands at 46, analysts at the firm said, valued at more than
$60 billion. That compares to last year where there were no pulled deals
counted.

That kind of sucks when the pulled debt deals went from 0 to 46 in one year.

No comments: