Latest high yield corporate bond news

• International investors return for LGFV bonds

  

  Chinese local government debt issuance ramped up in the first quarter of 2019, with investors at home and abroad more enthusiastic about offshore bonds from local government financing vehicles (LGFVs). But they continue to be selective over which credits they buy — just as more deals are set to be launched, writes Addison Gong.

  • 01:30 PM

• Xinyuan taps high coupon notes for $100m

  

  Xinyuan Real Estate Co tapped its existing 2021 notes on Wednesday, adding $100m to the bonds.

  • 08:00 AM

• High yield rampant as IG corps rest

  

  For the first time this year, high yield bond issuance in Europe is putting the corporate investment grade market in the shade.

  • 24 Apr 2019

• Redco builds second bond of 2019 for $180m

  

  Redco Properties Group returned to the market with a two year note on Tuesday, three months after it priced a larger 364-day transaction.

  • 24 Apr 2019

• Famine to feast in high yield as rush of deals hits market

  

  After weeks of thin issuance in European high yield, six deals were announced on Tuesday, of which two were true buyout financings, rather than the double-B refinancings that have dominated the market this year.

  • 23 Apr 2019

• Tesco targets cap stack revamp with tender

  

  Tesco has launched a comprehensive liability management across eight bonds, to be funded by a new issue from its recently updated MTN shelf. The move comes as the UK-based supermarket group teeters on the verge of a full upgrade to investment grade status.

  • 23 Apr 2019

• Chinese private sector defaulters pile up

  

  The Asian debt markets have been hit with a number of defaults from Chinese borrowers. China Minsheng Investment Corp (CMIG) has missed bond payments, as has Kangde Xin Composite Material Group.

  • 23 Apr 2019

• Property firms lock in funding ahead of holiday weekend

  

  Three Chinese property companies courted high yield dollar investors on Wednesday, raising a combined $827m.

  • 18 Apr 2019

High yield corporate bond news archive