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
-
European investors have demonstrated voracious appetite for high yield debt this week, with a Eu2.25bn deal from Kabel BW — the biggest junk bond this year — closing five times oversubscribed on Wednesday. A £430m transaction from Phones4U was also easily covered.
-
Chinese property is back on the menu after bond investors flocked to a deal from Yanlord Land Group this week — and KWG Property Holdings quickly followed up with its own offer.
-
Activity in Europe’s high yield market continued unabated on Wednesday as Phones4U, Ontex and eAccess prepared to price deals, each seeing heavy demand.
-
Kabel BW tightened guidance on Wednesday for its Eu2.25bn junk bond, which will be used to finance its Eu3.16bn takeover by Liberty Global from EQT Partners. The German cable firm also increased its floating rate tranche from Eu350m to Eu420m, thanks to strong demand from investors wanting to hedge against rising interest rates.
-
Kabel BW launched Eu2.2bn worth of junk bonds on Tuesday to finance its Eu3.16bn takeover by Liberty Global from EQT Partners. Bankers said the deal could be priced on Wednesday.
-
German cable firm Kabel BW launched Eu2.25bn worth of junk bonds on Tuesday to finance its Eu3.16bn takeover by Liberty Global from EQT Partners. Unofficial price talk is 8% for the secured tranches and 10% for the unsecured paper, bankers said on Tuesday afternoon.