Top Section/Ad
Top Section/Ad
Most recent
France’s Bastille Day and US inflation data expected to subdue supply early in the week
Foreign issuers tap market for price and diversification
Hyperscaler funding needs could drive the next wave of US supply in euros
Cooler reception suggest AI capex hype is shrinking
More articles/Ad
More articles/Ad
More articles
-
Moody's has downgraded budget airline EasyJet and put other airlines on review for ratings cuts, raining more blows on an industry being pummelled by the coronavirus pandemic. -
The coronavirus crisis is shaking up companies' financing arrangements in the most drastic way since the 2008-9 financial crisis, as firms strive to secure liquidity for what are likely to be many tough months. So far there have been only a few high profile cases of companies drawing down revolving credit facilities, but this is expected to grow, as long-established norms crumble and new patterns emerge.
-
The UK government will announce a rescue plan for businesses on Tuesday after the prime minister changed guidance on dealing with the Covid-19 coronavirus the day before. But corporate bond bankers and investors believe it will do little to stop corporate bond prices from languishing.
-
Corporate bond syndicate bankers are telling issuers that the best way to approach the primary market for now is to stay away, as spreads swoop to their widest for years. However, some investors are still open to buying deals at the new levels, and issuers are watching closely.
-
Private debt funds in Europe may be the hot new thing to some in capital markets but they could be about to come of age, having never been through a serious credit downturn before. The market is under scrutiny over how it will cope with the credit ramifications of Covid-19.
-
A sharp turn in market sentiment following the announcement of a travel ban by the US has destroyed any hopes for a revival in the corporate bond market, sending high grade spreads 25bp wider as borrowers ducked and covered until at least next week.
