London
INVESTORS are campaigning for private companies to make their financial information more available in a push for greater transparency in Europe's growing high-yield bond market.
The Association for Financial Markets (AFME) in Europe sent a list of companies to bond arrangers on behalf of a group of investors in an effort to spur debate about corporate disclosure, said Gary Simmons, director of AFME's high-yield division. The document names more than 75 borrowers that they deem too protective of their data, with the aim of establishing standardised reporting, according to four people familiar with the matter.
The companies control access to their information by keeping their earnings behind...
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