Latest high yield bond news

• Sponsors ride HY volatility so far, shows SEB research

  

  Private equity firms have bolstered their high yield footprint in European and Nordic issuance, but yield spreads are also running up, according to SEB this week.

  • 16 Aug 2018

• Starwood launches HY bond to support GE energy project finance deal

  

  Starwood Property Trust was looking to price a $300m high yield bond on Wednesday to support the acquisition of GE Capital’s energy project finance business, as the firm looks to diversify beyond core commercial real estate activities.

  • 15 Aug 2018

• Investors know they can rely on US for summer liquidity

  

  The summer break in European corporate bond markets has shortened in recent years to as little as two weeks in August, but investors know that the dollar market is always an option.

  • 15 Aug 2018

• US investors peek at Europe’s levfin debt to grab spread growth on similar risk

  

  Recent cash flows from funds buying European corporate bonds and loans with speculative grade ratings have increased with support from US investors, as markets get ready for the second half of the year.

  • 15 Aug 2018

• Astaldi’s Turkish lira anxieties put HY mart on geopolitics alert

  

  Italian construction group Astaldi’s bonds have taken a beating on concerns that its exposure to Turkish risk could derail plans for injection of needed capital. For some high yield investors, it also is a reminder of market vulnerabilities ahead.

  • 14 Aug 2018

• US levfin volumes jump after strong earnings season

  

  Both the US high yield and leveraged loan markets absorbed a flurry of deals at the end of last week after second quarter results painted a strong picture for corporate earnings.

  • 13 Aug 2018

• Brexit woes slow sterling HY issuance, but appetite from buyers remains

  

  Sterling high yield issuers have printed less than half the volume of bonds they sold during the same period last year, which many attribute to the uncertainties surrounding the UK’s exit from the European Union. But appetite for sterling risk appears resilient for now.

  • 13 Aug 2018

• Sports Direct swoops in for House of Fraser, but tough game ahead

  

  Sports Direct announced it has bought House of Fraser on Friday, but the retailer had already entered into administration just hours earlier, meaning investors will be unable to trigger what would have been a lucrative change of control covenant in the firm’s bonds.

  • 10 Aug 2018

• Tesla investors caught up in buy-out maelstrom

  

  Elon Musk’s sensational claim to have funding in place to take Tesla private stunned the US capital markets this week, but the lack of substantive detail to the plan has largely reversed an initial rally in the firm’s equity and debt instruments, as well as reportedly drawing the attention of the Securities Exchange Commission. Aidan Gregory and David Bell report.

  • 09 Aug 2018

• No Brexit deal? No worries for bond deals… yet

  

  UK Prime Minister Theresa May may have rebuked her International trade secretary Liam Fox for his suggestion the chances of no-deal Brexit were now 60-40, but bookmakers Boyle Sports has exactly those odds for those who want to put any money on it. If that is the likely outcome now, what will it mean for the execution of bond deals?

  • 09 Aug 2018

High yield bond news archive