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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
Floridian manager registered the vehicle in Ireland with article 8 SFDR classification
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US institutional broker-dealer CRT Capital Group has closed its London-based credit business, leaving only a handful of equities staff, and is intending to sell much of its US operations.
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Mexican cement manufacturer Cemex on Wednesday followed in fellow high yield issuer Braas Monier’s tracks with a significant tightening in pricing on its offer.
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The Luxembourg-based producer of roof products, Braas Monier, proved there is still strong investor demand for double-B rated paper in the high yield market as it tightened pricing from guidance on Wednesday.
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After three months of pumping issuance and tightening spreads, the moment has arrived. On Wednesday, the European Central Bank finally entered the investment grade corporate bond market as a buyer.
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The Asian ex-Japan high yield bond market received a boost on Wednesday with Samvardhana Motherson Automotive Systems Group and Xuzhou Economic and Technology Development Zone State-Owned Assets Management (Xuzhou ETDZ) opening books for their dollar debuts.
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Titan Cement is set to become the first high yield issuer of the year from Greece, after more than six months without issuance from the country.