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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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EnQuest, the UK oil producer, has announced plans to raise its first bond with high yield documents. The $500m senior deal will have an eight year tenor.
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Kaufman & Broad, the French residential property developer, priced its €370m high yield bond at the tight end of guidance on Wednesday.
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Christian Knitzschke, senior director on the high yield bond syndicate desk, has left Royal Bank of Scotland.
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Mexican cement company Cemex increased its euro and dollar bond issue on Tuesday after a strong sale, as Latin American borrowers continue to benefit from investors finding it hard to obtain paper in secondary markets.
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European bond specialists frustrated by the lack of corporate issuance have had their prayers answered. After a couple of quiet weeks, there was €8.5bn of issuance in euros and sterling last week and in the first three days of this week, about €10.6bn.
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Cemex, the Mexican cement maker rated B+/BB-, has launched a euro and dollar high yield bond sale today (Tuesday).