The timing and the shape of the recovery post the pandemic remains uncertain. However, private debt offers an essential source of liquidity and long-term finance as banks continue to exhibit low-risk appetite.
Global pandemic creates big opportunities in European credit markets, says Cheyne Capital's Stuart Fiertz.
China's distressed debt market has seen a steady flow of deals in recent years, and pricing is set to improve for buyers due to the impact of COVID-19, according to ShoreVest's Ben Fanger.
Investors should seize the opportunities in the bonds of ‘fallen angel’ companies which have been downgraded from investment grade to high yield, says Allianz Global Investors CIO, David Newman.