Latest high yield bond news

  • BayWa argues IG-equivalent for green issue

    German agriculture, energy, logistics and services group BayWa issued a €500m five year green bond on Monday, building a strong €750m book — despite some ambiguity about how to treat the unrated corporate.

    • 17 Jun 2019
  • BNP Paribas to lead buyout debt for Drahi’s purchase of Sotheby’s

    Patrick Drahi’s BidFair USA vehicle has agreed to take auction house Sotheby’s private for $3.7bn, a premium of 61% to Sotheby’s closing share price on Friday. BNP Paribas has provided committed debt financing for the all-cash deal, with Morgan Stanley joining as financial advisor.

    • 17 Jun 2019
  • BNP Paribas veteran to retire

    A long-standing capital markets practitioner is leaving BNP Paribas.

    • 14 Jun 2019
  • IGT and Aker take size as firm market prompts mandate rush

    After Monday’s partial holiday across Europe, strong market conditions gave several high yield issuers confidence to press ahead with new issues on Tuesday. These gave investors options from investment grade-style refis to M&A trades, and executions proved strong, with International Game Technology and Aker boosting the size of their trades to take advantage of the backdrop.

    • 13 Jun 2019
  • European Energy boosts size of green debut

    Danish wind farm operator European Energy has increased the size of its debut euro-denominated green bond, from the originally targeted €120m to €140m, on demand of more than €230m. The deal is one of only a handful of high yield issues to claim formal sustainability status, as ethical investment strategies gather pace in more corners of the capital markets.

    • 13 Jun 2019
  • Wiserfunding’s SME ratings have potential CLO use

    Edward Altman, creator of the Z-score metric predicting corporate bankruptcies, has co-founded a new company that automates credit scores for small and medium sized firms. That could help provide ratings for the SME CLO market.

    • 12 Jun 2019
  • Peppa Pig owner preps sterling refi

    Entertainment One, a film, TV and music group with rights to content from Peppa Pig to the Wu Tang Clan, is bringing a £425m seven year non-call three refinancing, a rare spark of life in a sterling market that has been muted so far this year.

    • 12 Jun 2019
  • Czornik returns to JP Morgan as Germany M&A head

    JP Morgan has hired Patrik Czornik to lead its M&A team for Germany. Czornik used to work for the bank in the past but then joined Goldman Sachs.

    • 12 Jun 2019
  • Rallying market brings clutch of HY trades

    After Monday’s partial holiday across Europe, strong market conditions gave several high yield issuers confidence to press ahead with new issues on Tuesday. The new issue pipeline cuts across credit quality and use of proceeds, giving investors options from IG-style refis to single-B M&A trades.

    • 11 Jun 2019
  • Houlihan hires Collinson for consumer products

    Michael Collinson has joined Houlihan Lokey as a managing director to lead its consumer products efforts in Europe. He comes from William Blair.

    • 11 Jun 2019

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 5,388.55 35 7.23%
2 Credit Agricole CIB 5,167.13 26 6.94%
3 Deutsche Bank 5,163.07 27 6.93%
4 Goldman Sachs 4,132.89 22 5.55%
5 JPMorgan 4,083.96 19 5.48%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.43%
2 Citi 2,605.77 18 7.40%
3 BNP Paribas 2,567.12 24 7.29%
4 JPMorgan 2,467.56 18 7.00%
5 Goldman Sachs 1,928.73 16 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,711.91 110 9.94%
2 Citi 12,738.91 102 9.24%
3 Goldman Sachs 9,904.15 73 7.18%
4 Bank of America Merrill Lynch 9,863.78 84 7.15%
5 Morgan Stanley 8,144.98 61 5.90%