Junk Bond Managers Join Forces to Reform Swedish Issuance Market
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Two of Sweden’s biggest high-yield fund managers, with combined assets of $2.5 billion, have started a new program to make sure investors know exactly what they’re buying when they move into a rebounding market for risky debt sales.
Starting this month, any prospective junk bond borrower will have to satisfactorily answer a questionnaire focused on environmental, social and governance issues to secure an investor meeting with either Carnegie Fonder or Spiltan Fonder.