Offloading Junk Loans Is Getting Harder for Wall Street: ChartBy
Riskier corporate loans have become so unappealing that banks have had to boost yields on more than $23 billion to sell them this year, up from $9.8 billion in the first quarter of 2015. Leveraged loans, which are used to finance buyouts, have had a tough slog, as investors become leery of heavily indebted companies. Western Digital Corp. widened yields on a $4.2 billion loan backing its takeover of SanDisk Corp. in order to attract buyers.
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