High Yield Bonds

  • Fugro pulls high yield debut as virus rocks markets

    Fugro pulls high yield debut as virus rocks markets

    The only high yield bond deal being actively marketed in euros this week has been postponed. The deal was for Fugro, the Dutch company that provides geographical data and asset integrity services to onshore and offshore industries. It was a debut issue for a listed company with no sponsor involved, so there had been good interest, but market conditions just proved too difficult.

  • The end of the road for roadshows

    The end of the road for roadshows

    The shock of the Covid-19 coronavirus outbreak has forced some rapid thinking among capital markets participants. Almost the first impact has been on travel.

  • Plucky levfin forced to yield to mounting alarm about virus

    Plucky levfin forced to yield to mounting alarm about virus

    Leveraged finance investors are no shrinking violets, and held out longer than most against the rising pessimism caused by the coronavirus. But by Thursday, it was even giving high yield and leveraged loan players a sinking feeling.

  • People news in brief

    Bank of America makes Vicario EU CIB head — Citi names Iberia heads — Daiwa swaps Purton for Caillebotte

  • Teekay bond resale slows in 'bumpy' high yield market

    Teekay bond resale slows in 'bumpy' high yield market

    Executives working on the $411m resale of Teekay Offshore Partners bonds by Brookfield, the Canadian asset manager, have slowed their work on the deal this week as high yield market conditions worsened amid growing concern about the coronavirus outbreak.

  • Trip.com makes quick loan return amid travel woes

    Trip.com makes quick loan return amid travel woes

    Chinese travel services provider Trip.com Group is seeking a $1.2bn loan at a time when markets are reeling from the rapid spread of the coronavirus outside the mainland and companies are assessing the impact of the epidemic on their businesses. Despite difficult market conditions, the borrower has received plenty of interest for the deal. Pan Yue reports.

  • Levfin remains active as red days mount up

    Conditions are changing so fast with the coronavirus epidemic that each day could bring a change in sentiment, but for the time being leveraged finance is staying calm and continuing to function. There is more activity in this high risk corner of Europe’s capital markets than in any other, apart from sovereign, supranational and agency bonds.

  • Tech boutique offers tool to spot greenwash

    Tech boutique offers tool to spot greenwash

    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.

High yield bond news archive