Latest high yield 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
  • 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
  • New trio serve BB deals for HY’s tourist investors

    Another day, another €1.5bn of high yield bond offerings was what Tuesday’s deals from Aramark, Anglo American and Arrow meant for a European market awash with double-B rated paper. But too much of a good thing is putting off some traditional high yield buyers.

    • 22 Mar 2017
  • Volkswagen revs four vehicles on bond market’s forecourt

    Volkswagen has returned to the public straight bond markets in its own name for the first time since September 2015, when it was swept from the market by its emissions test cheating scandal. Bond markets being what they are, a multi-billion euro blowout is likely.

    • 22 Mar 2017
  • Tobam launches HY fund to take on passive underperformers

    French asset manager Tobam Core Investments opened its first international high yield fund on Monday. The €100m fund aims to go against the grain.

    • 20 Mar 2017
  • FQM prints equal biggest HY corporate bond from CEEMEA

    First Quantum Minerals raised $2.2bn for refinancing purposes on Thursday, in what was said to be the biggest corporate high yield bond issue from the CEEMEA region ever - though it was the same size as a VimpelCom deal in 2011.

    • 17 Mar 2017
  • High yield coupons at new lows in busiest week of the year

    Each of the 10 companies that have launched offerings in the European high yield bond market since Monday had different reasons to schedule their deals this week, but were rewarded with the most issuer-friendly pricing yet. It cannot get better, bankers and investors warn borrowers.

    • 16 Mar 2017

High yield bond news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Mar 2017
1 Bank of America Merrill Lynch 3,452.47 11 8.55%
2 Goldman Sachs 3,349.08 10 8.29%
3 JPMorgan 3,343.06 8 8.28%
4 Credit Suisse 2,505.48 12 6.20%
5 Deutsche Bank 2,382.73 14 5.90%

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%