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
-
The European high yield market is being driven by a host of German Mittelstand companies that are struggling to obtain loans, their traditional source of financing.
-
Healthcare company Priory Group this week printed a £206m tap of its £425m 7% February 2018 senior secured notes, originally issued in late January and callable in 2014.
-
Thames Water (Kemble) Finance issued a £400m junk bond last week Friday. The eight year secured note was priced at par with a 7.75% coupon, outside guidance of 7.5%. Bankers on the deal said the large upcoming supply of European high yield bonds in the coming weeks was partly to blame for the pricing.
-
One of the last two high yield deals left to price in the European market before Easter priced on Wednesday afternoon, while the other was expected to wrap up later in the day, after Ideal Standard and Consolidated Minerals came out with price talk on Wednesday morning.
-
Low-cost clothing retailer Matalan priced a £250m senior secured five year bond to yield 9.124%, the mid-point of guidance, on Wednesday. The notes, issued at 99, traded up to 100.38 on the break. They were bid at 99.875 on Thursday afternoon.
-
Privately-owned UK food producer Boparan has opted to fund its takeover of Northern Foods through a £695m-equivalent junk bond issued in sterling and euros.