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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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GHD, the UK maker of hair styling products, wants to raise £165m of senior secured high yield bonds to refinance bank debt and repay shareholder loans.
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Virgin Media priced an increased tap of its 15 year bond at the tight end of guidance on Tuesday — achieving the lowest yield ever on a European high yield bond of this maturity.
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International Personal Finance issued a €300m senior unsecured high yield bond deal in an intraday sale on Tuesday, after a roadshow last week.
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More details about Monier’s €415m high yield bond offering have emerged. The French maker of roofing materials will meet investors until Wednesday, April 9, to market the bond, which, together with €250m of loans, will replace its previous capital structure before a potential initial public offering.
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SSAB, the Swedish producer of high strength steel, issued a €350m five year bond at a 4% yield on Thursday. The transaction was launched after investor meetings finished on Wednesday.
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Stonegate Group, the pub company owned by TDR Capital, wants to sell £400m of senior secured high yield bonds.