Covenant Xtract Announces New High Yield Core Bond Service
Ridgefield, CT, March 07, 2009 --(PR.com)-- Covenant Xtract announces its new High Yield Core Bond Service. The new product complements its existing full service High Yield Covenant Xtract and New Issue Covenant Xtract services and provides access to a core group of approximately 850 summarized bonds.
“Given the number of opportunities within the high yield market, we are launching a lower priced service that covers the large majority of high yield bonds. This product will provide the opportunity for investors focused on the largest and most liquid bonds to access full covenant summaries at a very attractive price,” said Michael Knox, CFA, President of Xtract Research.
The Core Bond Service complements an online library of bookmarked indentures and supplements with direct links to the source document from the reports. Users also have the ability to compare summarized covenants across bonds with any differences highlighted. The reports cover all key covenants including Change of Control and Redemption information.
“Our product provides a platform to quickly analyze and understand the rights of bondholders and interpret covenants to take advantage of the mayhem in the credit markets,” said Manish Aggarwal, Managing Partner of Xtract Research.
The firm currently has a team of 12 attorneys and research analysts working on the high yield and bank loan services. In addition to the online access to documents and covenant reports clients have full access to the team of attorneys and analysts to discuss any document related issues. The annual cost for this service is $25,000.
About Covenant Xtract
Covenant Xtract is an affiliate of Xtract Research, an independent fixed income research firm specializing in providing covenant analysis tools for convertible securities, high yield, investment grade and bank loans. Its clients consist of many of the world’s preeminent hedge funds, investment managers and investment banking firms. Xtracts’ services give analysts, traders and portfolio managers the tools necessary to efficiently navigate and analyze key fixed income documents critical to the investment process.
Contact: Diane Casaretti at 203-599-1000 or dcasaretti@xtractresearch.com
Website: www.xtractresearch.com
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“Given the number of opportunities within the high yield market, we are launching a lower priced service that covers the large majority of high yield bonds. This product will provide the opportunity for investors focused on the largest and most liquid bonds to access full covenant summaries at a very attractive price,” said Michael Knox, CFA, President of Xtract Research.
The Core Bond Service complements an online library of bookmarked indentures and supplements with direct links to the source document from the reports. Users also have the ability to compare summarized covenants across bonds with any differences highlighted. The reports cover all key covenants including Change of Control and Redemption information.
“Our product provides a platform to quickly analyze and understand the rights of bondholders and interpret covenants to take advantage of the mayhem in the credit markets,” said Manish Aggarwal, Managing Partner of Xtract Research.
The firm currently has a team of 12 attorneys and research analysts working on the high yield and bank loan services. In addition to the online access to documents and covenant reports clients have full access to the team of attorneys and analysts to discuss any document related issues. The annual cost for this service is $25,000.
About Covenant Xtract
Covenant Xtract is an affiliate of Xtract Research, an independent fixed income research firm specializing in providing covenant analysis tools for convertible securities, high yield, investment grade and bank loans. Its clients consist of many of the world’s preeminent hedge funds, investment managers and investment banking firms. Xtracts’ services give analysts, traders and portfolio managers the tools necessary to efficiently navigate and analyze key fixed income documents critical to the investment process.
Contact: Diane Casaretti at 203-599-1000 or dcasaretti@xtractresearch.com
Website: www.xtractresearch.com
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Contact
Xtract Research
Diane Casaretti
203-599-1000
www.xtractresearch.com
Diane Casaretti
203-599-1000
www.xtractresearch.com
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