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Most Of European Debt Restructurings Yet To Come

More than half of distressed-debt investors believe the majority of debt restructurings in Europe are still on tap, according to a survey by Debtwire and the law firm Cadwalader, Wickersham & Taft, reports Fundamentals Magazine.

More than half of distressed-debt investors believe the majority of debt restructurings in Europe are still on tap, according to a survey by Debtwire and the law firm Cadwalader, Wickersham & Taft. One-fifth of respondents expect restructurings to peak in the first six months of the year, while 35% point to the second half. Senior debt was chosen by 37% of participants as the instrument that will offer the most attractive investment opportunities. The U.K. and Spain are the countries seen as having the largest number of debt restructurings this year.

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