corporate debt

With historic levels of volatility being experienced in even the lowest risk asset classes like Government Bonds, we thought it worth providing a refresher on the capital structure of modern-day corporates and more importantly banks. We will also provide a short summary of the difference between a ‘normal’ bond and the unfortunately named ‘junk bond’….

Of the many opportunities that were thrown up by the Covid-19 Crash, one of those that is still open – although weakening by the day – is that in the eight credit listed investment trusts (LITs). Most of this group were trading at small premiums to net asset value (NAV) prior to the crash, such…