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LevFin High Yield Bonds

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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
Company takes advantage of high yield revival
Floridian manager registered the vehicle in Ireland with article 8 SFDR classification
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  • Turmoil in global markets slammed the brakes on the recovery in corporate bond market issuance of a week ago and hit pricing. Dealflow was confined to domestic plays, with utilities and the defence sector offering the only big-ticket transactions.
  • SSA
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  • The great and the good of the global bond markets joined EuroWeek on Thursday night for its 2010 Bond Dinner at the Royal Courts of Justice in London. Over 350 top borrowers and bankers from across the SSA, FIG, corporate, MTN and EM sectors filled the Great Hall. Key awards were given out including best sovereign borrower, best FIG funding official, best emerging market borrower and best corporate funding official. For the full list of our awards, please see page 56.
  • Cegedim, the French software firm, this week began discussions with investors about its plans to issue a debut high yield bond but immediately ran into concerns that it is pushing too hard to sell an investment grade style deal just as markets are turning risk-averse.
  • EuroWeek was honoured to host its third annual bond market awards dinner on Thursday evening. Everybody here at EuroWeek would like to thank those who attended and congratulate the winners and nominees, who are listed below.
  • FIG
    Towergate Finance plc, a subsidiary of UK privately-owned insurance company Towergate Partnership has postponed its planned debut issue of £665m equivalent high yield bonds due to market conditions, amid criticism of the deal’s structure.