Latest high yield corporate bond news

• BNP Paribas veteran to retire

  

  A long-standing capital markets practitioner is leaving BNP Paribas.

  • 14 Jun 2019

• PowerChina lights up new dollar perp

  

  Power Construction Corp of China has raised $800m from a dual-tranche offering that keeps senior perpetual supply from Chinese state-owned enterprises (SOEs) alive.

  • 14 Jun 2019

• Green bond market debates whether opex has a place in use of proceeds

  

  Green bond specialists are divided over whether proceeds of labelled green bonds can be used for operating expenditure, or whether they should mainly or entirely be used for capital expenditure.

  • 13 Jun 2019

• IGT and Aker take size as firm market prompts mandate rush

  

  After Monday’s partial holiday across Europe, strong market conditions gave several high yield issuers confidence to press ahead with new issues on Tuesday. These gave investors options from investment grade-style refis to M&A trades, and executions proved strong, with International Game Technology and Aker boosting the size of their trades to take advantage of the backdrop.

  • 13 Jun 2019

• European Energy boosts size of green debut

  

  Danish wind farm operator European Energy has increased the size of its debut euro-denominated green bond, from the originally targeted €120m to €140m, on demand of more than €230m. The deal is one of only a handful of high yield issues to claim formal sustainability status, as ethical investment strategies gather pace in more corners of the capital markets.

  • 13 Jun 2019

• Zhenro builds support for debut perp

  

  China’s Zhenro Properties Group wrapped up its first attempt at issuing perpetual bonds offshore this week, selling the note with a senior-to-perp differential that was tighter than some of its higher rated peers.

  • 13 Jun 2019

• Green Bond Principles forms Advisory Council, gives new guidance

  The Green and Social Bond Principles’ executive committee has decided to leave the Principles unchanged this year, but is publishing three new documents on Thursday to help market participants. It also plans to launch an Advisory Council, to enable it to listen better to the concerns of the market.

  • 13 Jun 2019

• Lippo Malls goes international with dollar debut

  

  Lippo Malls Indonesia Retail Trust made its debut in the dollar market on Wednesday, diversifying its investor base and achieving quite a large deal size at an attractive price.

  • 13 Jun 2019

High yield corporate bond news archive