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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
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Singaporean lifestyle real estate company Rowsley has closed books on a three year non call one S$100m ($72m) bond issue, which the company will use for its development plans in Yangon, Myanmar, according to a banker close to the deal.
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BNP Paribas has restructured reporting lines on its syndicate desk, including giving one person responsibility for loans, high yield bonds and leveraged finance.
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Obrascon Huarte Lain, the Spanish construction company, wants to sell a €425m eight year non-call three bond that would push out its first bond repayment to 2020.
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Paprec Group, a French waste reprocessing company, is set to issue its first high yield offer with a €480m bond that it will use to refinance senior debt invested in eligible recycling projects.
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Two US technology companies are marketing high yield bonds in Europe, in a new signal of the market's attractiveness.
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Spanish construction company Actividades de Construcción y Servicios has issued its first non-convertible bond: a €500m five year.