An investor believes that a company will undergo a leveraged buyout (LBO) transaction, whereby it will issue

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An investor believes that a company will undergo a leveraged buyout (LBO) transaction, whereby it will issue large amounts of debt and use the proceeds to repurchase all of the publicly traded equity, leaving the company owned by management and a few insiders.

Why might the CDS spread change?

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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