Debt Restructuring Surges 60%
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bankruptcyReuters
•Business
Business & Economics
Stressed US companies restructured more debt in April

81% Informative
$3.5 billion distressed exchanges in April compared to $2.2 billion in March and $1.6 billion in February .
Volume of bonds trading with yields of more than 1,000 basis points over U.S. Treasuries rose by $18.4 billion in April .
That was a 10-month high and represented 7.2% of junk bonds, up from 6.6% a year earlier .
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