Loans to finance oil rigs has turned a risky bet into a winner
Story date: 2007-10-16 10:46:00
Added on: 2007-10-16 23:53:56
International Herald Tribune - While contagion from U.S. mortgage defaults caused the value of debt with ratings ... Bondholders charge rig builders interest as high as 12 percent, or about 50 percent ... They yield more in part because only a limited number of investors can buy debt ...
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