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
-
Investors in the leveraged finance market established a new trade body this week, giving them the chance to push back against aggressive covenant terms, and offering an alternative forum to the Association for Financial Markets in Europe, increasingly dominated by the sell side following a mass walk-out by the buy side last year. -
China’s Road King Infrastructure nabbed $400m from a bond that was priced 50bp inside of initial guidance, on the back of the largest order book for an Asian deal recently.
-
Leveraged finance industry bodies are a changin’. The two main trade organisations led by the sell side are set to open talks with a new, more independent investor lobby taking its first steps on Wednesday.
-
At first look, a high new issue premium makes a corporate bond deal look cheap for investors. However, the negative effect that premium can have on an issuer’s outstanding bonds can prove to outweigh the cheapness of the new deal for an issuer’s long term backers.
-
Railway and toll road constructor Shandong Hi-Speed Group became the latest issuer to opt for a short tenor for its bond this week, in a bid to speed up the issuance process while keeping the yield low.
-
Zhenro Properties Group bagged $200m from a short-dated bond on Tuesday — being strategic with its choice of a 363-day tenor, while also finding an opportunistic issuance window on a day market sentiment was on a high.
