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
-
Eir, the Irish telecoms company, has won strong demand and tight pricing for its combined bond and loan deal, allowing it to increase the size by another €100m — and pay out a larger dividend to its owner, groups controlled by French billionaire Xavier Niel. One of these groups, Iliad, has just emerged from a costly fight for rights to the 5G mobile spectrum in Italy, leading it to consider asset sales and other routes to raise cash. -
The European high yield market is experiencing a post-Easter resurrection, with six new issues announced after the London market returned to work on Tuesday. While some of these trades were the lower-rated acquisition bonds investors having been crying out for, the bond market is still largely stuck with deals too long, too tight, too risky or too large for first lien loans.
-
Netflix’s blockbuster high yield issuance this week shows the love debt investors continue to have for the streaming service, but instead of adding to an already leveraged balance sheet, it should consider issuing new shares.
-
Chinese local government debt issuance ramped up in the first quarter of 2019, with investors at home and abroad more enthusiastic about offshore bonds from local government financing vehicles (LGFVs). But they continue to be selective over which credits they buy — just as more deals are set to be launched, writes Addison Gong.
-
Xinyuan Real Estate Co tapped its existing 2021 notes on Wednesday, adding $100m to the bonds.
-
Despite the roadshows crowding high yield bond markets this week, Netflix could not help but draw most attention from investors. Its $2.2bn-equivalent euro and dollar issue on Wednesday was increased and is said to have been three times covered. While the company has $10bn of capital market debt outstanding already, it owes more than $27bn long term to its content providers.
