Latest high yield corporate bond news

• ENN Ecological rides positive sentiment for $250m tap

  

  Upstream oil and gas company ENN Ecological Holdings Co priced a $250m tap of a bond it sold earlier this year. The deal came after news of a share transfer that could give it effective control over sister company ENN Energy Holdings.

  • 18 Sep 2019

• Azure Power returns with popular green bond

  

  Azure Power Global pulled off an unusually large price tightening on its $350m green bond, which was buoyed by strong investor demand for a rare issuance from the Indian renewable energy sector.

  • 18 Sep 2019

• Are you Sirius? Protecting retail investors from themselves

  Sirius Minerals is in big trouble, and that means big losses ahead for the mainly retail investor base, who saw their shares dive 50% on Tuesday morning. Since the crisis, regulators have strained every nerve to keep complex, risky products out of retail hands — while retail investors have merrily piled into loss-making tech stocks, cryptocurrencies, and gambled on extractive industries. How much protection do they need?

  • 17 Sep 2019

• Sirius Minerals shares tank after crucial bond sale fails

  

  Shares in fertilizer miner Sirius Minerals plummeted as much as 60% on Tuesday morning after the company was forced to finally pull a $500m high yield bond offering it had postponed in August.

  • 17 Sep 2019

• Developer Socam pulls bond after pricing mismatch

  

  Socam Development, a company under the Shui On Group, has decided to cancel a planned dollar bond after investors demanded more than what the issuer was willing to pay.

  • 17 Sep 2019

• RCom’s GCX looks to cut bond debt by $150m

  

  Global Cloud Xchange (GCX), a subsidiary of India’s Reliance Communications, has filed for bankruptcy protection with a US court, and plans to carry out a potential debt-to-equity swap that could reduce its bond debt by $150m.

  • 16 Sep 2019

• Indonesia’s DMDT woes spill over to bonds

  

  Defaults have ripped through Delta Merlin Dunia Textile (DMDT), another subsidiary of Indonesian textile company Duniatex, which missed its first dollar bond coupon last week and recently delayed payments on a loan.

  • 16 Sep 2019

• Capital markets divided as ECB wheels out big guns once more

  

  There was a mixed bag of views across the capital markets after the European Central Bank unleashed a new comprehensive stimulus package on Thursday, comprising restarting net bond buying, a rate cut and a tiered deposit rate system for banks.

  • 12 Sep 2019

High yield corporate bond news archive