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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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The high yield bond flurry by Spanish issuers carried on this week, with strong issues from two debut borrowers. Solid demand allowed Grupo Isolux Corsan to increase its bond by €200m, while Grupo Antolin-Irausa accelerated its deal by a day.
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Virgin Media, the UK cable TV, mobile and fixed line telephone and internet group, has announced its first bond issue since the financing for its takeover by US cable investment group Liberty Global in February 2013.
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CNH Industrial has sold its first bond since the merger of Fiat Industrial and CNH Global, raising €1bn and attracting a €3.5bn book before reconciliation.
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Ceva Logistics, the Dutch freight business owned by Apollo Management, wants to refinance its debt with new bonds and loans.
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Spain’s Grupo Isolux Corsán and Grupo Antolin have released price guidance on their debut high yield bonds, both of which are set to be priced today.
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Maoye International Holdings, a Chinese investment company with interests in retail and property, is looking to make its debut in the offshore renminbi market.