Some of the most controversial financing practices of the credit-bubble years – from “cov lite” loans to “Pik toggle” notes and “dividend recap” exercises – have returned to Wall Street, stoking fears that debt markets are growing overheated.
信贷泡沫时期某些最受争议的融资做法已在华尔街重新出现,比如“低门槛”贷款(cov lite loans)、“实物支付”票据(Pik toggle notes)以及“股息资本重组”等,这使得人们担心债物市场正在变得过热。
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