High Yield

  • People moves in brief

    People moves in brief

    Del Canto joins Berman at agora — O'Higgins to retire from ICBC Standard — Miller becomes new IBCM head at Credit Suisse

  • Teva prepares to term out funding but opioid problems weigh on costs

    Teva prepares to term out funding but opioid problems weigh on costs

    Generic pharmaceuticals firm Teva has released price thoughts for a $1.5bn bond refinancing, which will term out its maturities. But the levels on offer show potential opioid litigation is still weighing on the firm’s capital structure. The Israeli company settled with a group of US states at the end of October, sending its shares and bonds surging, but the firm faces a trial in New York next March.

  • Debt bankers change tactics as HK turmoil rages

    Debt bankers change tactics as HK turmoil rages

    Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.

  • ECB's big appetite cheers fussy diners

    ECB's big appetite cheers fussy diners

    High grade corporate bond investors are feeling enlivened after the European Central Bank announced bumper figures for its Corporate Sector Purchase Programme for the start of November. That bucks the trend some syndicate desks had detected, of demand starting to wane, coming out of earnings season.

  • Mediobanca plots advisory, mid-cap push

    Mediobanca plots advisory, mid-cap push

    Mediobanca’s plan for the next four years involves boosting advisory origination and using capital more efficiently in its corporate and investment bank (CIB). It is also committed to issuing a sustainability themed bond.

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