Liberty Meetings Draw Crowd in London as Virgin Media Bonds Sink

Bonds Liberty Meetings Draw Crowd in London as Virgin Media Bonds Sink Liberty Global Ltd. drew a crowd on Thursday at a Morgan Stanley leveraged-finance conference in London as investors peppered executives about the cratering debt of its telecommunications joint venture. Bonds of Virgin Media O2, the British firm that Liberty co-owns with Telefónica, have been in free-fall since last week, tumbling deep into distressed territory. The securities are a key component of the European high-yield index, so the losses have broad implications for junk investors.