Bondholders Turn To Private Placements

LBOs such as BCE cause bondholders to rethink attitudes towards private placements and covenants

June 30, 2008

Enough is enough for Industrial Alliance Insurance and Financial Services, at least when it comes to public debt holdings. The Canadian insurance company's experience as a BCE bondholder has convinced its chief executive and president, Yvon Charest, to stick with debt private placements instead.

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