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
-
Agile Group Holdings printed a smaller-than-expected $200m bond on Wednesday, struggling to source demand in spite of a generous yield, raising questions about the timing of the transaction. -
Ronshine China Holdings reopened a 2021 bond on Tuesday, adding $225m to a three year puttable line sealed in January this year. The deal is the latest in a series of capital raising exercises designed to ease the firm’s refinancing burden.
-
Norwegian car parts manufacturer Kongsberg Automotive is refinancing loans in the high yield market with a deal that offers investors the biggest double-B coupon seen since April.
-
The quality of Asian high yield bond covenants dropped to an all-time low in the last quarter. Chinese property developers, making the most of a buoyant market, have been cited as the biggest cause. But as the region’s primary bond market continues to struggle, it’s unclear if that push for looser standards can continue.
-
Low cost telecoms group Lebara has delayed its plans for a redemption of its only bond from early July to August, the latest setback in its already long list of communication and disclosure failures.
-
The National Development and Reform Commission (NDRC), China’s offshore debt regulator, has denied considering a ban on bonds with maturities of under one year, giving the market some relief. But confusion and worry remain, writes Addison Gong.
