by Amruth Sundarkumar | Jun 28, 2021 | High Yield Bonds
US junk or high yield (HY) bond coupons hit a record low with Centene Corp’s $1.8bn 7Y bond that was issued to offer a coupon of 2.45%. While Centene is considered investment grade with issuer ratings of BBB-/BBB-/Ba1, its new 7Y bond that set the record for the...
