Top Section/Ad
Top Section/Ad
Most recent
Disruptive US economic policy has not yet dented credit appetite
High yield investors nibble at IG names, as credit investors brace for ‘trillions’ unlocked from money market funds
Embattled utility makes final plea for court to sanction £3bn in emergency funding
Thames Water refinancing battle is an unedifying mess
More articles/Ad
More articles/Ad
More articles
-
Payment-in-kind bonds returned to Europe’s high yield bond market this week after an 18 month break, as Swedish cable operator Com Hem sold a €250m PIK bond on Thursday, writes Stefanie Linhardt.
-
Pacific Drilling released price talk in the 7.25% area for its planned $500m senior secured notes on Thursday. The US offshore drilling company plans to sell the five year high yield bond on Friday.
-
Care UK, the British provider of care for the elderly, disabled and mentally ill people, is on track to sell a £75m tap of its 2017 high yield bond today (Friday) to finance its acquisition of Harmoni, which provides out-of-hours medical care.
-
OTE, the Greek telecoms company, has reduced some of its debt maturing next year. The Caa1/B-/B- rated company repurchased €210.425m of its €1.25bn 5% notes in the secondary market.
-
The steady stream of Chinese property deals hit a bump this week, with one borrower aborting a dollar debut and another taking five days to price. Issuers will have to offer pricing premiums or neat structures to get further deals away, investors warned.
-
HOT Telecommunication Systems, an Israeli telecoms company, may seek to issue a debut high yield bond in December. HOT is 70% owned by Altice, the telecoms investment group, which is bidding for the remaining 30%. Altice would use an all-bond structure to finance the acquisition.