ðə faɪnˈænʃəl tˈaɪmz ɪntˈɜːpɹɪɾᵻd ðə jˈuːs əvə hˈaɪɹˈɪsk pˌiːˌaɪkˈeɪ bˈɑːnd təbi ɪndˈɪkətˌɪv ʌv "ðə lˈɛvəl ʌv ɹˈɪsk ðæt dˈɛt ɪnvˈɛstɚz ɑːɹ wˈɪlɪŋ tə tˈɑːlɚɹˌeɪt æz ðeɪ sˈiːk hˈaɪɚ jˈiːldz ɪn hˈɑːt kɹˈɛdɪt mˈɑːɹkɪts".
The Financial Times interpreted the use of a high-risk PIK bond to be indicative of "the level of risk that debt investors are willing to tolerate as they seek higher yields in hot credit markets".