Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
US communications equipment manufacturer Belden Inc is meeting investors in Europe this week ahead of a potential euro market debut.
-
Mobile Challenger Intermediate Group, the holding company for Swiss telco Sunrise, began meeting investors on Monday to market €500m-equivalent of six year senior PIK notes.
-
NXP, the Dutch semiconductor company, raised $500m of 10 year high yield bonds in the US market on Tuesday. The company’s step to the US market is an industry-specific one, say bankers, not driven by a hunt for cheaper funding.
-
Rallye, the unrated French holding company that owns 49% of retailer Groupe Casino, sold a €300m six year bond on Monday that was priced inside initial price talk at 4.25% — the company’s lowest ever coupon, excluding its equity-linked bonds.
-
ThyssenKrupp, the German steel and engineering group, took advantage of Tuesday’s strong market to tap its 4% 2018 bond, issued two weeks ago. The €350m tap for the crossover credit was priced above par and brings the total issue to €1.6bn.
-
European high yield issuance is expected to pick up next week, when investors expect around three deals. A likely candidate is Cegedim, the French technology company, while there is talk of several US issuers accessing the European market.