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
-
Spanish casino and betting company Codere launched $250m of February 2019 senior unsecured notes on Wednesday – the latest of January’s rush to dollars by European high yield issuers.
-
Petroplus, the Swiss oil refiner, has become the first European company to default on bonds this year. The company, based in Zug, said today that it had failed to reach agreement with lenders under its revolving credit facility, and that the lenders had in turn served notices of acceleration, initiated enforcement actions and “appointed a receiver in respect of Petroplus Marketing AG’s assets in the UK”.
-
Spanish cable operator Grupo Corporativo Ono launched a $400m December 2018 bond issue on Tuesday. The B1/B rated company wants to add the notes to its outstanding 8.875% senior secured notes issued through Nara Cable Funding.
-
Bookrunners Goldman Sachs and Credit Suisse have released price talk in the 8.25% area for Welltec’s proposed $325m 2019 high yield bond issue.
-
Standard & Poor’s expects the European corporate default rate to reach 6.1% in 2012, an equivalent of 41 defaults in its rated universe. In a downside scenario the rate could climb up to 8.4% or even higher, S&P noted, if a deeper recession in Europe caused further deterioration in the economic and financing environment.
-
Ceva Group, the Dutch logistics and warehousing company, has become the latest European issuer to join the run for dollar funding to the US high yield market.