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High yield investors nibble at IG names, as credit investors brace for ‘trillions’ unlocked from money market funds
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China’s Yingde Gases Group Co has mandated banks for its first dollar bond sale in more than three years.
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The lack of volatility combined with the continual grind tighter of spreads of investment grade corporate bonds meant investors in the asset class enjoyed good returns in 2017. Similar conditions look set to prevail at the start of 2018, but investors need to maintain vigilance.
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China’s Shandong Chenming Paper Holdings is ready to start the new year with its first dollar bond issuance.
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Lowell, the UK-German debt collector, will seek funding for its northern European expansion in the high yield bond market, as it buys Intrum’s branches in the Scandinavia region, Finland and Estonia.
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Shangrao City Construction Investment Development Group (SCID) has grabbed $300m from its debut international bond in the quiet December market.
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Shangrao City Construction Investment Development Group (SCID) launched its dollar debut on Tuesday morning, while Jiaxing City Investment and Development Group Co kicked off a roadshow for its maiden deal.