There's No Business Like Show Business-- MGM's Benchmark Junk Offering 13%

MGM placed over 1 billion in high yield (junk paper) through 7 brokerage firms, which is the first high yield deal in the month. The sky has been falling, and now it's bounced in the high yield markets. Who'd like to bet on outsized yields from gaming at a time when the casinos are empty... (sold to you).