Issuer-friendly HY market fails to ignite LBO, M&A activity
Posted on April 04, 2012 at 16:48 PM EDT
NEW YORK, April 4 (IFR) - An issuer-friendly high-yield market that allowed companies in some sectors price bonds with coupons as low as 5% has failed to ignite M&A and LBO financing activity, which remains lackluster heading into the second quarter of 2012.