High yield pros hold their nerve as indicators worsen

LevFin

High yield pros hold their nerve as indicators worsen

High yield and leveraged loan spreads have widened in the last few days, as news of the coronavirus outbreak has worsened. But neither that, nor new figures from Moody's showing downgrades outnumbering upgrades, is putting off investors long used to hanging on through gritty conditions. Chemical producer Inovyn managed to complete a €1.064bn loan amend-and-extend on Tuesday.

People & Markets

  • Tech boutique offers tool to spot greenwashing

    Tech boutique offers tool to spot greenwashing

    Investors who have been longing for the EU Taxonomy of Sustainable Economic Activities to tell them what is green are now realising that its arrival could make life tricky. From the end of next year, they will have to start reporting how sustainable all their portfolios are. It could prove an enormous headache. But a tiny company has developed a tool it claims can cut out a lot of the worries investors face in working out how to comply.

  • Standard Chartered loses levfin head

    Standard Chartered loses levfin head

    Standard Chartered’s global head of leveraged finance and structured solutions has left the bank, according to a source close to the situation.

 

 

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Southpaw

  • HSBC’s restructuring: is it enough though?

    HSBC’s restructuring: is it enough though?

    HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.

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