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Bombardier’s 2028 Unsecured Notes Set New Low, Yield Pierces 11%

Bombardier’s 6% unsecured 2028 bonds fall as much as 2.5 cents on the dollar to 78 cents, setting another intraday record low and pushing the yield deeper into double-digit territory. The bonds, which debuted back in August and traded at par as recently as January, have lost ground almost every day since the start of April.

US Leveraged Loan Default Rate to Hit 1.5% by End 2022: Fitch

The US institutional leveraged loan default rate stands at just 0.50% year-to-date despite the slight pickup over the past six weeks, but it’s expected to increase as higher interest rates, inflation and weaker growth take their toll, Fitch Ratings said in a report Friday.

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