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Will the troubled Zohar CLOs continue to make interest payments and pay off at maturity?
FORBES: On The Cover/Top Stories
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Orange Switzerland Wednesday sold a so-called payment-in-kind bond debt without any coupon payments that instead pays interest in one installment at maturity at a price and speed that had all the hallmarks of being a "top of the market trade, " according to Duncan Warwick-Champion, head of corporate research at ECM Asset Management.
WSJ: Bond Offer Shows Limits of Yield Hunt
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In Congress, a predatory-lending bill sponsored by Senator Paul Sarbanes would prohibit balloon payments, among other things, in which the bulk of a loan is left unpaid at maturity, often without the full understanding of the borrower who then cannot repay.
ECONOMIST: Lawmakers, state and federal, are mounting an attack