Latest high yield bond news

  • US department store Sears files for long awaited bankruptcy

    Sears filed for Chapter 11 bankruptcy on Monday as a $134m interest payment came due and efforts to restructure the firm’s debt out of court failed.

    • 15 Oct 2018
  • Ugi alone in euro HY with debut reverse Yankee

    US gas group Ugi International opened a roadshow for its first ever bond on Monday, while European borrowers have stepped back from the market.

    • 15 Oct 2018
  • Rubicon Infrastructure hires pair to expand into UK

    Irish boutique investment bank Rubicon Infrastructure Advisors has hired two bankers with over 40 years of experience to expand its business into the UK.

    • 12 Oct 2018
  • Recordati HY bond wins over global vol

    Milanese pharmaceutical firm Recordati was out with its CVC buyout funding this week — a €1.3bn bond, in a European high yield market that has mostly ignored Italy’s political fights. But on Thursday, volatility went global and investors started pressing for concessions. Recordati went ahead regardless, and priced on guidance.

    • 12 Oct 2018
  • Retail, media issuers in focus despite low defaults

    S&P Global said that consumer products, media and oil and gas were the most represented sectors on its list of ‘weakest links’ in sub-investment grade corporate debt, which remains relatively small in a low default environment.

    • 11 Oct 2018
  • Lenders prepare as fintech M&A soars

    Global fintech M&A has surged by more than a quarter year-on-year by value, as consolidation grips the upper echelons of the market and lenders prepare for a swathe of financing requests. Michael Turner reports.

    • 11 Oct 2018
  • Record outflows in US HY as yields spike and vol bites

    A jump in US Treasury yields at the end of last week sparked a bout of volatility in US equity markets and dented appetite for US high yield bonds, with investors pulling record volumes of cash from funds tracking the sector on two consecutive days this week.

    • 11 Oct 2018
  • US high yield retreats from post-crisis tights

    High yield spreads have widened by 25bp in the past week as the rise in Treasury yields dents fixed rate products, although the market remains at historically tight levels.

    • 10 Oct 2018
  • WeWork bond jumps on SoftBank investment reports

    WeWork’s sole high yield bond rose by three points in secondary trading on Wednesday after reports that Japan’s SoftBank Group was in talks to buy a majority stake in the shared workspace provider.

    • 10 Oct 2018
  • Euro levfin primary steady amid Italian noise

    Investors in speculative grade debt are joining the discussion about the potential conflict over fiscal policies between Italy and the European Commission. But the leveraged finance markets are still keeping busy.

    • 10 Oct 2018

High yield bond news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,684.16 83 7.43%
2 Credit Agricole CIB 13,287.71 61 5.92%
3 Deutsche Bank 12,890.62 50 5.74%
4 Goldman Sachs 12,767.85 54 5.69%
5 UniCredit 11,414.29 66 5.09%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 4,861.86 36 7.48%
2 BNP Paribas 4,648.08 55 7.15%
3 Deutsche Bank 4,100.65 41 6.31%
4 JPMorgan 3,756.57 41 5.78%
5 Credit Suisse 3,528.42 38 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,016.51 146 10.22%
2 Goldman Sachs 14,082.73 99 7.57%
3 Credit Suisse 13,243.20 94 7.12%
4 Bank of America Merrill Lynch 12,775.52 117 6.87%
5 Citi 12,347.90 105 6.64%