IFR 03.21.2020

MARCH 21 2020 ISSUE 2325 http://www.ifre.com

BONDS

Fallen angel risk

increases, as

downgrades to

high-yield loom

08

PEOPLE & MARKETS

Lebanon’s legal

position in

workout talks

better than feared

09

EQUITIES

Sasol heads

queue of

corona crisis

rescue deals

10

EQUITIES

China ECM

pipeline

builds for

second half

10

Down but not out: top-notch issuers stage a

tentative return to the primary bond market

Concerns grow that mismarked positions

could spark another leg down for bond prices

Lenders scour loan docs for ways to avoid

commitments, as borrowers dash for cash

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1 IFR Cover 2325 Strap.indd 1 20 / 03 / 2020 20 : 18 : 33