Latest high yield bond news

  • Tereos fail warns HY hybrids better wait

    European high yield market participants took caution from Tereos’ decision to postpone a perpetual hybrid bond issue on Tuesday, suggesting that the structure still confuses investors.

    • 20 Jul 2017
  • Fewer fallen angels as high yield universe shrinks to squeeze pricing

    Fallen angels — corporate borrowers that lose their investment grade ratings — have become a key source of supply in global high yield bonds markets over the years. But there are signs that, particularly in Europe, such supply is ebbing away as corporate balance sheets improve. This is driving HY investors elsewhere to seek new credits.

    • 20 Jul 2017
  • Bain to tempt CCC buyers with Diamond

    Bain Capital is calling on the recent demand for lower rated high yield bonds in Europe to fund the acquisition of US cleaning products supplier Diversey Care.

    • 19 Jul 2017
  • Huge demand for triple-Bs as corp market nears shutdown

    In what bankers expect to be the last big week for corporate bond issuance in Europe before the summer, demand for deals — especially triple-B paper — is rampant.

    • 19 Jul 2017
  • Goldman poaches Barclays levfin MD

    A managing director in Barclays’ leveraged finance team has left for Goldman Sachs, joining the bank’s London office.

    • 18 Jul 2017
  • Infopro prints refi as HY flow peaks

    The recent boom in high yield bond issuance has left traces of investor indigestion, but French data manager Infopro Digital enjoyed a warm reception for its rare loan-to-bond refinancing deal.

    • 17 Jul 2017
  • HSBC hires levfin banker from Deutsche

    Paul Cahalan has moved from Deutsche Bank’s leveraged finance desk to head HSBC’s EMEA leveraged finance and acquisition team.

    • 17 Jul 2017
  • EU panel calls for European green bond standard, duty of sustainability

    A European green bond standard and a classification system for sustainable assets were two of the suggestions issued on Thursday by a group of experts advising the European Union on how to make the financial system sustainable — one of the commitments in the Paris Agreement, writes Jon Hay.

    • 13 Jul 2017
  • Stada’s €5bn LBO to heat up post-summer pipeline

    The European leveraged finance markets are licking their lips in anticipation of a new €2.5bn deal backing Bain and Cinven’s takeover of Stada Arzneimittel, the German generic drug manufacturer.

    • 12 Jul 2017
  • Central bank concerns send corp bond investors on yield hunt

    The direction of central bank policy is increasingly coming to govern Investment grade and high yield bond investors' hunt for yield, with many of the latter now looking to triple-C rated paper to better hedge against the risk of rate hikes.

    • 12 Jul 2017

High yield bond news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jul 2017
1 BNP Paribas 10,842.91 57 6.39%
2 Goldman Sachs 10,585.91 37 6.24%
3 JPMorgan 9,783.62 40 5.77%
4 Deutsche Bank 8,799.90 51 5.19%
5 Credit Agricole CIB 8,327.15 45 4.91%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 5,095.99 40 8.35%
2 Goldman Sachs 4,273.93 33 7.01%
3 Deutsche Bank 4,159.17 38 6.82%
4 Credit Suisse 3,915.70 42 6.42%
5 Barclays 3,740.83 31 6.13%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 21,273.54 160 11.24%
2 Citi 17,526.81 129 9.26%
3 Bank of America Merrill Lynch 15,607.84 134 8.24%
4 Goldman Sachs 13,221.26 95 6.98%
5 Barclays 13,207.72 84 6.98%