Latest high yield corporate bond news

  • NH Hotel to trim ‘astronomic’ debut costs with tap

    Spanish hotel chain NH Hotel Group launched a sub-benchmark add-on of its 2023s to cut the size of the old 2019 issue and pocket savings of more than 300bp.

    • 24 Mar 2017
  • Adler Pelzer adds new refi deal to high yield mart

    German auto parts maker Adler Pelzer Group drove into a European high yield bond market already loaded with offerings from other six borrowers on Wednesday, but it stood out as a rare chance for investors to buy a single-B rated bond.

    • 24 Mar 2017
  • Investors entice Greater China issuers to launch new deals

    Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully covered.

    • 24 Mar 2017
  • Japfa Comfeed entices accounts to $150m bond

    Japfa Comfeed Indonesia sealed a $150m bond on Thursday, exceeding both its pricing and size targets, as an improved credit profile and a conducive market backdrop contributed to the deal’s success.

    • 24 Mar 2017
  • Evergrande returns for more, Hesteel plots deal

    China Evergrande Group is selling a seven non call four bond, just a week after raising $1.5bn, while state-owned Hesteel Group Co has picked firms to work on a Reg S transaction.

    • 24 Mar 2017
  • Rusal in no hurry for second Panda

    In its first Panda bond issuance last week, Rusal hit double its target price. With Rmb9bn of issuance limit left on its programme, Oleg Mukhamedshin, deputy CEO of Rusal, told GlobalRMB that the Russian corporate will take its time before returning.

    • 24 Mar 2017
  • High yield keeps strong streak with reverse Yankees

    New deals marketed this week by US borrowers Owens-Illinois and Federal-Mogul pushed reverse Yankee issuance to 25% of the €22bn of euro high yield issuance so far in 2017.

    • 23 Mar 2017
  • Fallen angel K+S to swoop down on HY

    K+S, the German potash processor and mining group, will, on Monday, launch its first bond since losing its investment grade ratings.

    • 23 Mar 2017
  • Aston Martin revs up to make 300bp saving

    UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.

    • 23 Mar 2017
  • Busy Thursday for Asia DCM with four live deals

    Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co, Japfa Comfeed Indonesia and Zhuhai Huafa Group Co ventured into the debt market on Thursday, following some recovery in credits in the US overnight.

    • 23 Mar 2017

High yield corporate bond news archive

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Mar 2017
1 JPMorgan 26,801.25 116 7.23%
2 Citi 24,294.27 107 6.55%
3 Bank of America Merrill Lynch 23,745.51 112 6.41%
4 Deutsche Bank 21,936.54 80 5.92%
5 Barclays 18,739.72 76 5.06%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 BNP Paribas 7,741.23 34 9.96%
2 Deutsche Bank 6,409.32 21 8.25%
3 Barclays 5,176.15 25 6.66%
4 HSBC 5,003.70 23 6.44%
5 Citi 4,576.17 26 5.89%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Citi 2,417.98 11 10.88%
2 Deutsche Bank 2,229.13 17 10.03%
3 Bank of America Merrill Lynch 1,908.90 13 8.59%
4 JPMorgan 1,733.98 11 7.80%
5 Barclays 1,569.70 11 7.06%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 11,150.67 77 12.59%
2 Citi 8,073.45 55 9.11%
3 Bank of America Merrill Lynch 7,652.39 65 8.64%
4 Goldman Sachs 6,155.05 45 6.95%
5 Credit Suisse 5,502.63 40 6.21%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 BNP Paribas 8,202.93 31 9.23%
2 Deutsche Bank 6,868.10 19 7.73%
3 Citi 6,086.67 25 6.85%
4 JPMorgan 4,814.18 17 5.42%
5 HSBC 4,304.73 21 4.84%