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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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Scandinavian Airlines, the Swedish airline, made a comeback to bond markets on Thursday that won an enthusiastic reception from investors, impressing even bankers close to the deal.
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Soho House, the London-based chain of private members' clubs, has finished a four day roadshow in the US and Europe for its debut high yield bond.
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Asian high yield bonds made a stunning comeback this week when two blowout deals put the sector back in vogue after being widely shunned by investors since global bond markets fell into a funk in June, writes Frances Yoon. But even though the US Federal Reserve dealt a positive shock to markets on Wednesday by keeping the quantitative easing taps open, bankers are all singing the same tune — junk bonds won’t be for everybody, and investors still have their limits.
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Apexindo Pratama Duta will be embarking on a global roadshow to sell its first US dollar denominated bonds that will test whether investors are ready to return to Indonesian high yield.
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Latin American debt markets proved that they were on the path to recovery even before the surprise lift provided by the US Federal Open Market Committee on Wednesday. Four sub-investment grade names from the region sold a total of $2.85bn of bonds on Friday September 13, completing the biggest week in LatAm high yield since February 2011.
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Scandinavian Airlines, the Swedish airline, made a comeback to bond markets today that won an enthusiastic reception from investors, impressing even bankers close to the deal.