Latest news
Latest news
An interview with Propel and the BBB, a busy Q1 for ABS, more arb headaches for CLO managers
Resets for 2021 and 2024 deals are less attractive to managers due to wider liability pricing
Spreads for the triple-A rated notes were similar to the manager's previous deal
More articles
More articles
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Empark, the Spanish car parks operator, attracted a strongly oversubscribed book for its €385m bond debut. The €235m fixed rate piece was 10 times covered and traded up on Thursday — an overwhelming indication that the high yield new issue market is still open despite the approach of Christmas. -
The high yield bond for Huntsman has again underlined the strength of the market. The US chemical company twice increased its high yield bond issue from €200m to €300m and sold it tightly on Wednesday. The notes still traded up.
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CMA CGM, the French container shipping business, sold its €300m unsecured bond on Tuesday. The 2018 deal came with an 8.75% coupon at 97.552 to yield 9.375%.
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German printing press maker Heidelberger Druckmaschinen printed a €51m tap of its 9.25% 2018 bond on Tuesday.
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Jaguar Land Rover raised $200m more than planned in its $700m drive-by high yield bond issue on Tuesday. The notes were priced inside guidance at par to yield 4.125%.
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Syntaxis Capital, the central European provider of mezzanine financing, has hired Rupert Coull to manage its environmental, social and governance investment principles.
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Huntsman, the US chemical company, has increased its high yield bond issue from €200m to €250m and released price guidance on Wednesday morning.
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Even the most avid investment grade corporate bond originators are beginning to give up hope of getting more issuers to sell bonds this year, even though all the recent deals have found nearly all the investors at their desks and willing to buy.
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Heidelberger Druckmaschinen, the German printing press maker, wants to tap its 2018 bond for €50m. The 9.25% bond had reached a six month high in secondary trading in recent days.
