Latest high yield bond news

  • Tricky path for single-Bs, says CreditSights

    Demand for top corporate high yield paper stands to grow as returns are trimmed elsewhere, but research house CreditSights believes lower rated credits may miss the spotlight.

    • 20 Oct 2016
  • Investors pack into TUI’s double-B spot for big book

    TUI AG, the German tourism company, on Wednesday became one of only five double-B rated borrowers which have been able to print sub 2.5% coupons this year.

    • 19 Oct 2016
  • Corporate bond markets busy despite QE qualms

    Despite tricky conditions in the European corporate bond market, a varied array of issuers has come to market this week, with the flow increasing as the week has gone on.

    • 19 Oct 2016
  • Daisy challenges ‘hard Brexit horrors’ with offering

    The largest telecom services reseller in the UK, Daisy Group, on Tuesday opened a four day roadshow for its debut high yield bond, unfazed by Brexit tensions in the sterling market.

    • 18 Oct 2016
  • TUI to test double-B refi opportunity

    German leisure travel group TUI AG launched a roadshow for a new issue to refinance its old 2019 bond on Monday at a time when coupons in the upper end of the high yield rating spectrum seem to be trending wider.

    • 17 Oct 2016
  • Warner Music plays in Europe with $630m refi deal

    US music publisher Warner Music Group on Monday was alone in the European high yield market at the same time that Verallia, the French glass packaging maker, told investors it had cancelled its pay-if-you-can bond offering.

    • 13 Oct 2016
  • Oil prices sink Norwegian high yield to Swedish levels

    Norway’s top spot in Nordic high yield annual primary issuance has historically been invulnerable. But with most borrowers linked to the energy sector and oil prices struggling to recover, its reign may be about to change this year.

    • 13 Oct 2016
  • Opportunistic Romanian €350m telecom bond

    Eastern European telecoms operator RCS&RDS on Thursday printed a refinancing euro bond that was first planned in euros and Romanian leu, while it mulls a potential IPO.

    • 13 Oct 2016
  • Tereos to refi bank debt in the HY bond mart

    French sugar and alcohol producer Tereos on Wednesday sold a tap of its 2023 bond. It plans to use the offering’s proceeds to repay high cost bank credit facilities.

    • 12 Oct 2016
  • Corporate investors push back against tight NIPs

    Corporate bond issuance is continuing at a fast rate in Europe, with three deals on Monday this week and six on Tuesday. But investors have become less willing to accept the tight spreads, yields and new issue premiums that quantitative easing has underpinned for much of this year.

    • 12 Oct 2016

High yield bond news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 15,780.75 62 10.56%
2 JPMorgan 12,594.51 30 8.43%
3 HSBC 12,277.00 39 8.22%
4 BNP Paribas 9,321.96 66 6.24%
5 Credit Suisse 9,123.47 18 6.11%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 Deutsche Bank 6,762.83 40 10.37%
2 Citi 6,260.32 20 9.60%
3 Goldman Sachs 5,535.09 31 8.49%
4 Barclays 4,989.20 26 7.65%
5 JPMorgan 3,571.74 29 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 22,705.76 180 10.58%
2 Bank of America Merrill Lynch 20,936.36 149 9.76%
3 Goldman Sachs 18,558.41 120 8.65%
4 Barclays 18,369.35 115 8.56%
5 Citi 18,136.80 132 8.45%