(The following tale appeared in the Feb. 12 issue of
International Financing Review, a Thomson Reuters publication)
By Michelle Sierra Lafitte
NEW YORK, Feb 12 (IFR) - Investor appetite for US leveraged
loans has pushed average bids to a four-year high in the
lesser loan trading market which is encouraging portfolio
managers to consider buying stressed or distressed loans in the
hunt for yield.
Buyers' attention focussed on troubled buyouts struck at the
peak of the market such as Energy Future Holding TXEFHE.UL
(formerly TXU) and Harrah's Entertainment HAMLEO.UL last week
after Clear Channel Communications'
