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
-
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.
-
Cegedim, the French healthcare technology and services company, announced a roadshow for a new high yield bond on Friday. The proceeds of the €300m seven year non-call three deal will be used to repay debt, including a tender offer for Cegedim's 2015 notes.