Latest high yield corporate bond news

  • Patience pays for Yanlord Land’s $450m

    Yanlord Land Group’s decision to wait until the New Year to return to the bond market paid off handsomely. Launching into a less volatile market on Monday, the deal attracted a peak order book of $2.8bn and priced at a good level for the issuer.

    • 09:00 AM
  • Times Property snaps up $375m ahead of hectic Tuesday

    Times Property Holdings made a successful return to the international debt market on Monday with a $375m bond, benefiting from a strategy of starting with a generous initial guidance before slashing it by almost 40bp.

    • 08:30 AM
  • Vedanta eyeing new 5.5 year deal, tender offer

    London-headquartered Vedanta Resources is pursuing a new 5.5 year dollar transaction after more than three years out of the international market,. The new deal is taking place alongside a tender offer for two of the company’s existing notes.

    • 07:30 AM
  • Hapag-Lloyd to ship first triple-C of the year

    Hapag-Lloyd on Monday began roadshowing a sub benchmark and triple-C rated bond to European high yield investors.

    • 16 Jan 2017
  • Channel Islands snap NewDay LBO bond listing

    The European high yield bond market is set to price on Friday its third deal listing on the Channel Islands this year, a £425m bond to finance NewDay’s acquisition by Cinven and CVC.

    • 16 Jan 2017
  • Mandates flood Monday market

    Issuers anxious to meet with investors before the Chinese New Year are kicking off the week with roadshows around Asia. Beijing Capital Group, Qinghai Provincial Investment Group, China Huarong Asset Management, and Indonesia’s Pan Brothers are all pursuing dollar bonds.

    • 16 Jan 2017
  • Chinese developers Times Property, Yanlord out for funds

    High yield real estate names Times Property Holdings and Yanlord Land Group are marketing their respective dollar-denominated bonds on Monday morning, looking to lock in early funding for the year.

    • 16 Jan 2017
  • Amigo Loans' HY debut pays 7.625% coupon

    The sterling high yield bond market on Friday priced its first single-B rated issue of the year, a £275m note from Amigo Loans, a UK consumer lender, with the third highest coupon in the past 12 months for a single-B sterling issue.

    • 13 Jan 2017
  • Greater China corps print $960m in bonds on busy Thursday

    SEA Holdings, Guangzhou R&F Properties and a Changchun local government financing vehicle took advantage of the abundant liquidity in the bond market by locking in funds on Thursday.

    • 13 Jan 2017
  • HY adopts Channel Islands as regulatory haven with MAR dodge

    Telecom company TalkTalk and loan guarantor Amigo have this week jumped into the wave of new high yield bond issues listing on the Channel Islands Securities Exchange (CISE) as a way to get round the Market Abuse Regulation (MAR), writes Victor Jimenez.

    • 12 Jan 2017

High yield corporate bond news archive

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 JPMorgan 6,606.50 25 7.67%
2 Citi 6,511.98 28 7.56%
3 Bank of America Merrill Lynch 4,899.82 22 5.69%
4 Barclays 4,571.59 20 5.31%
5 Mizuho 4,473.33 18 5.19%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,513.82 9 9.16%
2 BNP Paribas 1,388.55 9 8.40%
3 UniCredit 1,013.92 7 6.14%
4 Barclays 992.86 6 6.01%
5 SG Corporate & Investment Banking 943.52 7 5.71%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 NatWest Markets 216.56 3 8.11%
2 BNP Paribas 201.55 3 7.54%
3 HSBC 199.05 3 7.45%
3 Credit Suisse 199.05 3 7.45%
5 UniCredit 155.26 2 5.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 JPMorgan 297.36 3 36.61%
2 RBC Capital Markets 85.86 2 10.57%
3 Wells Fargo Securities 85.71 1 10.55%
3 Mizuho 85.71 1 10.55%
3 Goldman Sachs 85.71 1 10.55%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,087.29 10 8.43%
2 Mizuho 1,656.00 6 6.69%
3 BNP Paribas 1,583.41 10 6.40%
4 JPMorgan 1,130.71 4 4.57%
5 Commerzbank Group 1,090.75 4 4.41%