We should preface this article by stating irrevocably that rumors of the demise of the high yield bond market are patently false. Fund flows have been strong and in fact during last week there was $3 billion done in 9 deals. It is alive and well. NCL and Genmar were successfully completed but First Ship Lease Trust (“FSL”) did not get done and therein lies an interesting story.
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Tags: · First Ship Lease Trust, Genmar, NCL, Philip Clausius
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