Junk Firms Are Refinancing Debt Early on Fear Costs Will Rise

Junk-rated borrowers lining up around €3.7 billion ($4.3 billion) in refinancing deals are willing to accept significantly higher rates, betting costs will rise even further if they wait.

By Ronan Martin and Claire Ruckin · Bloomberg Markets

Junk-rated borrowers lining up around €3.7 billion ($4.3 billion) in refinancing deals are willing to accept significantly higher rates, betting costs will rise even further if they wait.