Latest high yield corporate bond news

• Sponsors ride HY volatility so far, shows SEB research

  

  Private equity firms have bolstered their high yield footprint in European and Nordic issuance, but yield spreads are also running up, according to SEB this week.

  • 16 Aug 2018

• RCom: tender is the night

  

  India’s Reliance Communcations (RCom) tender and exchange offer, unveiled last week, would clear the issuer’s books of its $300m 6.5% 2020 bond. But since RCom defaulted on a payment for the notes last November, it is in no position to offer investors such paltry tender and exchange terms.

  • 16 Aug 2018

• Investors know they can rely on US for summer liquidity

  

  The summer break in European corporate bond markets has shortened in recent years to as little as two weeks in August, but investors know that the dollar market is always an option.

  • 15 Aug 2018

• US investors peek at Europe’s levfin debt to grab spread growth on similar risk

  

  Recent cash flows from funds buying European corporate bonds and loans with speculative grade ratings have increased with support from US investors, as markets get ready for the second half of the year.

  • 15 Aug 2018

• Astaldi’s Turkish lira anxieties put HY mart on geopolitics alert

  

  Italian construction group Astaldi’s bonds have taken a beating on concerns that its exposure to Turkish risk could derail plans for injection of needed capital. For some high yield investors, it also is a reminder of market vulnerabilities ahead.

  • 14 Aug 2018

• Brexit woes slow sterling HY issuance, but appetite from buyers remains

  

  Sterling high yield issuers have printed less than half the volume of bonds they sold during the same period last year, which many attribute to the uncertainties surrounding the UK’s exit from the European Union. But appetite for sterling risk appears resilient for now.

  • 13 Aug 2018

• Beijing Properties seals $250m with China bank bid

  

  Beijing Properties sold a two year bond last week after getting demand from some of the Chinese banks who joined the deal. That allowed the leads to launch the bond with little worry it would drag on over the weekend.

  • 13 Aug 2018

• GlobalCapital SRI Awards 2018: the nominations

  

  The nominations for GlobalCapital's Sustainable and Responsible Capital Markets Awards 2018 have been revealed, as a result of our worldwide market poll, conducted in July.

  • 11 Aug 2018

High yield corporate bond news archive