Chairman of Housing Development Finance Corporation (HDFC) Deepak Parekh on Thursday reaffirmed his earlier position that he has never seen affordable housing w
Chairman of Housing Development Finance Corporation (HDFC) Deepak Parekh on Thursday reaffirmed his earlier position that he has never seen affordable housing w
Chairman of Housing Development Finance Corporation (HDFC) Deepak Parekh on Thursday reaffirmed his earlier position that he has never seen affordable housing w
Chairman of Housing Development Finance Corporation (HDFC) Deepak Parekh on Thursday reaffirmed his earlier position that he has never seen affordable housing w
With $1 Trillion of Distress Gone, Funds Find Scraps
Bloomberg 11 mins ago Katia Porzecanski and Katherine Doherty
(Bloomberg) For investment firms that profit by buying the debt of troubled companies, it looked like the opportunity of a lifetime: a $1 trillion pile of distressed bonds and loans in the Americas alone as the pandemic sent markets into meltdown last March.
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But after a massive federal bailout and rock-bottom interest rates kept even some of the shakiest companies afloat, those juicy targets have shriveled to less than $100 billion. That’s left distressed-debt specialists who at one point last year had $131 billion to spend rummaging for increasingly elusive bargains. Even the real estate sector, which was hammered after the pandemic shuttered offices, hotels and stores, has managed for now to avoid an epic wipeout.