Riskiest junk bonds shunned in Europe
on rising risk
LONDON: The junkiest corporate debt is becoming increasingly hazardous for investors amid mounting signs that a default cycle is picking up steam.
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LONDON: The junkiest corporate debt is becoming increasingly hazardous for investors amid mounting signs that a default cycle is picking up steam.
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Lenders are taking increasing provisions on debt extended to property owners and developers as loans begin to sour after rising interest rates eroded building values.
U.S. commercial property market troubles moved to Europe this week, elevating fears about broader contagion. Read more
The bank's exposure to U.S. commercial real estate prompted it to send an unschedule statement to the market.