Comfort or caution from the use of the US model in Europe?
Lyndon Norley and James H M Sprayregen pose the question
(taken from Issue No 21 – October 2002
The last five years have seen a significant increase in the issue of high yield bonds in Europe. Nevertheless, the European high yield bond market remains significantly less developed than the US high yield bond market which began in the 1980s. In addition, the volume of bond issues in the US market continues to dwarf that of the European market.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind
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