We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Fair-weather friend

21 December 2017 By Aimee Donnellan

Companies are increasingly funding deals with hybrid bonds. Rating agencies’ willingness to treat the debt as equity flatters their credit scores. And with interest rates low, investors are hungry for funky, higher-yielding securities. It’s a fertile but unstable combination.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)