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
-
Germany’s HeidelbergCement returned to the European high yield market on Wednesday with a €200m tap of the €300m bond it launched in September.
-
Actelion, the speculative grade rated Swiss pharmaceutical company, has issued Sfr210m (€170m) of senior unsecured 2015 bonds with a 4.875% coupon in a domestic issue on Tuesday.
-
Spanish cable company Ono is on a non-deal roadshow in the US, while Polkomtel, the Polish telecoms group going through an LBO, is meeting US investors to educate them about the company. The moves underline a trend of European high yield issuers seeking to sell dollar bonds in the US, as a way out of Europe’s troubled market.
-
Germany’s HeidelbergCement returned to the European high yield market today with a €200m tap of its €300m 9.5% December 2018 bond.
-
Actelion, the speculative grade rated Swiss pharmaceutical company, has issued Sfr210m (€170m) of senior unsecured 2015 bonds with a 4.875% coupon in a domestic issue today.
-
The global corporate default rate for speculative grade issuers edged 10bp higher to 1.9% in October, according to Moody’s. This is far below last year’s global rate of 3.8% in October. For the end of the year Moody’s forecasts another fall to 1.4%.