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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
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Thames Water refinancing battle is an unedifying mess
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Spanish cable company Grupo Corporativo Ono sold a $310m high yield bond tap on Wednesday, showing that US investors will buy Spanish deals — though they exacted a high price.
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The US high yield new issue market remained muted this week, after global high yield bond funds suffered their largest net outflows so far this year.
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Spanish cable company Ono sold a $310m add-on to its high yield bonds on Wednesday.
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Royal London Asset Management has hired Azhar Hussain as head of global high yield, focussing on expanding RLAM’s high yield investment capability.
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Ono, the Spanish cable TV company, has announced plans to tap its senior secured December 2018 notes for $300m.