Latest high yield corporate bond news

• Dia denies endorsing LetterOne’s debt restructuring plan, but mulls rights issue

  

  Spanish supermarket group Distribuidora Internacional de Alimentación revealed a new scheme to solve its financial troubles on Wednesday, away from the potential debt cut and cash injection recently suggested by its largest single shareholder LetterOne.

  • 12 Dec 2018

• High yield faces ‘worst scenario’ for returns

  

  Investors in leveraged debt in Europe were hoping for stable new issue spreads, calm secondary markets and receding fund outflows. But as the year ends, they are finding out that dreams do not come true, but nightmares might.

  • 12 Dec 2018

• Corporate bond market blocks out Brexit noise for now

  

  Due to the lack of new issuance for over a week in the European corporate bond markets, the vote of no confidence in UK prime minister Theresa May was the talk of both the buy and sell sides on Wednesday morning. But there has been little effect on the market itself so far where political developments in other European states are more of a concern.

  • 12 Dec 2018

• LGFVs, Kaisa rush out before funding drains

  

  Three Chinese local government financing vehicles (LGFVs) managed to push out last-minute dollar deals before the year end on Tuesday, while property developer Kaisa Group Holdings raised $300m from a 365-day bond at a double-digit yield.

  • 12 Dec 2018

• Dia's backer LetterOne shops debt restructuring plan

  

  LetterOne, the private equity firm that is the largest shareholder in Distribuidora Internacional de Alimentación, the Spanish supermarket chain, has drafted a debt restructuring plan for the troubled company that echoes the latest attempt of renewable energy group Abengoa to survive by cutting its leverage.

  • 11 Dec 2018

• GlobalCapital Asia capital markets awards 2018: Bonds

  

  In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.

  • 11 Dec 2018

• Shimao pays up to finish 2018 quota

  

  Shimao Property Holdings managed to raise a sizeable $570m from its bond return on Monday, using up the last of its annual fundraising quota. But to get to the chunky size at this time of the year, the Chinese company had to offer investors a generous premium.

  • 11 Dec 2018

• Logan leaves something on the table for investors

  

  Logan Property Holdings Co made a quick venture into the market on Thursday to use the remainder of its offshore issuance quota for the year. The typically price-sensitive issuer willingly left something on the table for investors this time around to ensure their support in 2019.

  • 07 Dec 2018

High yield corporate bond news archive