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Companies Securitize Everything as Investors Reach for Yield
Article

Companies Securitize Everything as Investors Reach for Yield

Claire Boston
Bloomberg, 2019
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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Overview

Recommendation

You can find fast food almost anywhere, and, if you have a craving for it, you can now even buy it in the bond markets. In this eye-opening article, financial journalist Claire Boston reports on one of the hottest trends in the asset-backed securities market: “whole-business securitizations.” Boston explains the underlying concept, explores the current state of the market and examines why it has whetted investor appetite. Asset managers, financial analysts and corporate investors will want to take a big bite of this information.

Take-Aways

  • “Whole-business securitizations” flourish as issuers’ borrowing costs decrease.
  • These securities allow risky companies to offer investment-grade bonds.
  • Bond investors seek a combination of yield and safety, and whole-business bonds can offer both.

About the Author

Claire Boston is a credit reporter for Bloomberg.

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