High Yield Debt: An Insider's Guide to the Marketplace (Wiley Finance)

Extremely insightful and useful. Very good summary of all you need to know about this industry.Content and structure of the book I think mimics a bit some older books published on the subject but it is to appreciate to have the view of a very relevant market participant and with lot of experience as well.

Comienzo a adentrarme en high yield y este libro da un color muy claro y bien explicado. Altamente recomendable para iniciar el tema.

This book really is an insider’s guide to the high yield debt marketplace. Mr. Bagaria provides a thorough overview of high yield bonds and leveraged loans beneficial to participants in both the new issue and secondary space. By the end of the book, you will be familiar with terms and concepts and how they relate to the high yield debt marketplace such as credit ratings, CLOs and Cov-Lite. What do these terms mean? You’ll have to get the book to find out! There is even a section on vendors for players in the space, such as The Mergermarket Group’s suite of fixed income product solutions Creditflux, Debtwire and Xtract. You will not be disappointed with this friendly, easy to read primer turned book that leaves the reader more knowledgeable and comfortable with working in the high yield debt space.

This book is a must read guide for anyone interested in pursuing a career in leveraged finance, or professionals in need of a refresher. The chapters are succinct and the financial jargon is well explained. The content is expansive, covering topics across the broader high yield market to detailed explanations on what certain financial covenants mean. Best primer on the market that I have found.

A clearly written, concise but thorough treatment of an important subject. This book is not an academic work or treatise, but a thorough and readable guide to high yield investment that is perfect for the investment professional or sophisticated investor who needs to deepen their understanding of the high yield market. The sections on Debt Structures and Credit Agreements and Legal Considerations are particularly well done.