Top Section/Ad
Top Section/Ad
Most recent
Embattled utility makes final plea for court to sanction £3bn in emergency funding
Thames Water refinancing battle is an unedifying mess
Embattled utility asks judge to approve £3bn lifeline as creditor groups keep fighting
High yield issuers may be worried about market access, but some do not see them losing it
More articles/Ad
More articles/Ad
More articles
-
Europe’s banks sniff opportunities amid the crisis as they look to build out their corporate broking businesses, but they will face fights to remove incumbents, writes David Rothnie. -
Netflix was set to price a five year euro tranche in a $1bn-equivalent high yield bond at 3% on Thursday evening, proving there is ready market access available for companies that can demonstrate they’re coping with coronavirus. The streaming company saw record subscriber growth and broke into free cash flow territory for the first time, partly thanks its smash hit documentary Tiger King, watched by 64 million households.
-
The European Central Bank is expected to broaden its asset purchasing to include bonds from issuers that have lost their investment grade ratings as a result of the coronavirus crisis — a funding lifeline to companies now rated BBB- or with one foot already in the junk camp.
-
Banks providing reserve-based lending facilities to oil exploration companies are looking to sell these loans, usually held and refinanced as ultra-secure relationship products, at bargain basement prices.
-
A divergence is forming between loans bankers and bond market investors over how to treat oil borrowers after the historic crude price falls, with the fixed income investor market seemingly taking a more bullish approach on the industry.
-
China’s Dr Peng Telecom & Media Group Co is looking to extend the maturity date of a bond coming due in June.
