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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
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Floridian manager registered the vehicle in Ireland with article 8 SFDR classification
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  • Biostime International Holdings and Xuzhou Economic and Technology Development Zone State-Owned Assets Management (Xuzhou ETDZ) are gearing up for what will be their first outings in the international bond market.
  • Tsinghua University Science Park is planning to print what would be its inaugural dollar-denominated green bond, according to a source close to the matter.
  • As the UK’s EU referendum approaches, associated uncertainty has seen risk in the sterling corporate bond market rise, with liquidity taking a blow.
  • High yield participants predict that they will see a boost in issuance before the summer break, as the market enjoys the trickle-down effect of the ECB's CSPP and UK voters possible vote 'Remain' in the UK's EU membership referendum— but few believe the boost will be sustainable.
  • The southeast Asian high yield market saw some long overdue activity this week, with Indonesia’s Sri Rejeki Isman raising $350m from a liability management exercise. With volatility and low commodities prices forcing high yield issuers from the region to stay away from the market this year, Sritex’s success has now flung open the door to new issuance, writes Narae Kim.
  • French car hire firm Europcar Group on Tuesday sold a €125m tap of its 2022 bond in a high yield market that is longing for more single-B issuance.