Insight: High yield debt repurchases

February 2008
Rob Mathews, Colin Chang

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Under current market conditions, many international issuers' outstanding high yield debt securities are trading below par in the secondary markets, creating an opportunity to buy back these debt securities at a discount. Is now the best time to buy back your outstanding high yield debt securities? What are the legal issues associated with doing so, regardless of whether you do so on the open market or through privately negotiated transactions? From tender offers to exchange and local restrictions, this brief article is packed with must-know information on high yield debt repurchases.