Top Section/Ad
Top Section/Ad
Most recent
US issuers and insurance companies could benefit as Moody’s relaxes parts of its approach
Investors attracted by relative value versus loans but are not blind to risk
Floridian manager registered the vehicle in Ireland with article 8 SFDR classification
More articles/Ad
More articles/Ad
More articles
-
Equiniti, the UK financial services outsourcing group, had to take the highly unusual step this week of withdrawing a high yield bond between pricing and settlement, and then re-selling the bond with adjusted terms.
-
SMCP, the French high end fashion retailer bought by KKR, launched its premarketed high yield bond on Tuesday. A €290m senior secured seven year bond could come as early as Friday.
-
European high yield issuers rarely use private placements, unlike their US cousins. But 1st Credit, a buyer of UK defaulted consumer debt, did just that for its debut bond — a £100m secured seven year non-call three.
-
Bakkavor, a producer of fresh and prepared foods, was hit by a rapidly deteriorating high yield market on Thursday, forcing it to price its £150m bond at the wide end of widened guidance.
-
Barry Callebaut, the Swiss-based chocolate company, is planning to raise $600m of 10 year bonds, having recently been downgraded to speculative grade. It wants to part-finance its acquisition of Petra Foods’ cocoa ingredients business.
-
Swedish installation services company Bravida has sold its €375m debut high yield bond to strip its debt of maintenance covenants. The financing in euros and Swedish krona was entirely sold in floating rate notes, which are being dubbed "cov-lite loans" by many leveraged finance participants.