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How do I buy it?

If you have to ask, probably the better approach is to buy a junk bond ETF like any of the ones on [0]. This will give you a more diversified portfolio than just betting on Citrix.

[0] https://www.thebalancemoney.com/list-of-junk-bond-etfs-12147...

Yeah and basically nobody wanted it, which implies that things are gonna get worse.

Or that Citrix was overextending itself.

Yeah, sure. That being said, the fact that there haven't been any other deals like this this year is a suggestion that the market for them has changed, mostly independently of the company involved.

its not just Citrix but corporate bond liquidity was highlighted in 2019 then the pandemic happened and everybody just glossed over it. now the pace of liquidity crunch across all corporate bonds is picking up as rates pick up.

The curious part is that even with insane returns, they still struggled to get attention from institutional investors who appear to be a mix of cash and short positions.