Repricing of debt and equity issues

In the current market, not a day goes by without news that the financing of another high-profile acquisition or buyout has run into trouble. The collapse of the US sub-prime mortgage market has wreaked havoc in the leveraged loans sector, as banks such as Citigroup, RBS and JPMorgan have suddenly found themselves stuck with private equity-related debt sitting on their balance sheets as a result of underwritten but as yet unsyndicated loans.

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