Latest high yield bond news

  • Wind blows through HY market with roadshow for €7.3bn

    Italian telecoms firm Wind called on the high yield market on Wednesday, as it planned to refinance most of its debt with a dual currency five tranche offering, deploying a 20 bookrunners in the process.

    • 01:45 PM
  • Investors stay with corporate credit despite extreme tightness

    Seven of the eight benchmark investment grade corporate bonds to have been priced in euros in the last fortnight have been from utilities. And longer dated utility bonds were also among the best performers in the third quarter.

    • 11:15 AM
  • HY demand at CMA’s sails for new benchmark bond

    CMA CGM, the French container liner, priced its first bond issue on Tuesday after improving on its triple-C ratings. Investor demand was enough for the issuer to double the size of the deal.

    • 17 Oct 2017
  • UBS’s levfin revival

    UBS’s EMEA leveraged finance business has been through the wringer, but co-head David Slade, who joined in 2015, is rebuilding it.

    • 16 Oct 2017
  • CMA CGM jumps on upgrade to refi at coupon below 6%

    French shipping group CMA CGM will launch a sub-benchmark sized bond on Tuesday, a week after S&P Global upgraded the rating of its unsecured note issuance from CCC+ to B-, bringing it into line with Moody's B3 rating.

    • 16 Oct 2017
  • Europcar defies Catalexit with HY deal for Goldcar LBO

    French car hire group Europcar opened the high yield bond primary market on Monday with new debt to fund the acquisition of Spanish peer Goldcar, demonstrating how little investors are worrying about the escalating crisis between Catalonia and Spain over the former's push for independence.

    • 16 Oct 2017
  • HY investors gulp down €1.7bn as deals sell out early

    Empark, Vallourec and Dufry met strong demand for their new high yield bonds this week as investors opened their deep pockets.

    • 11 Oct 2017
  • Catalonia: ‘Markets fear violence, not our independence’

    Bond markets remain sanguine about the declaration of independence by Catalonia's president Carles Puigdemont on Tuesday, but that could change sharply if Spain clamps down with force.

    • 11 Oct 2017
  • Corporate bond buyers scan horizon for fundamental risks

    The corporate bond market has endured many disruptive headlines in recent years, but it has remained resilient, thanks to investors sticking to considering credit fundamentals as the most important factor when evaluating their strategies.

    • 11 Oct 2017
  • Neiman Marcus debt climbs after better earnings

    Debt investors showed some faith that luxury department store Neiman Marcus would ride out challenges in the US retail sector on Tuesday as it posted better than expected quarterly earnings, causing its debt to trade up in the secondary market.

    • 10 Oct 2017

High yield bond news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,273.45 69 7.09%
2 BNP Paribas 15,649.19 99 6.42%
3 Goldman Sachs 13,736.97 57 5.64%
4 HSBC 12,718.21 83 5.22%
5 Deutsche Bank 12,330.52 72 5.06%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,988.32 51 7.80%
2 Goldman Sachs 5,669.99 45 7.38%
3 Deutsche Bank 5,126.35 52 6.68%
4 Credit Suisse 4,633.16 52 6.03%
5 Barclays 4,263.74 37 5.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29,820.93 232 10.58%
2 Citi 23,746.29 188 8.42%
3 Bank of America Merrill Lynch 22,954.16 203 8.14%
4 Goldman Sachs 20,887.87 148 7.41%
5 Barclays 19,256.47 129 6.83%