Latest high yield bond news

  • Wagamama forks for sweet deal in piping hot sterling HY market

    The UK’s eighth largest restaurant chain, Wagamama, opened a two day roadshow on Monday, as it plans to call its debut bond and make savings in a sterling market awash with demand.

    • 26 Jun 2017
  • Citi hires BAML’s Ali for new debt funding committee

    Toby Ali has left his leveraged finance job at Bank of America Merrill Lynch to join Citi.

    • 26 Jun 2017
  • Federal-Mogul develops taste for euro high yield

    US vehicle parts manufacturer Federal-Mogul cruised through its second fixed rate deal in the euro high yield market this week.

    • 23 Jun 2017
  • LBOs to fly as activists poised to bring more M&A to Europe

    As the shareholder acceptance deadline for German pharmaceuticals firm Stada’s €4.1bn buyout loomed on Thursday, there has been talk in the market about the rising influence of activist investors in Europe. Historically a largely US phenomenon, some market participants think Europe is set to experience a surge in shareholder activism of its own, shaking up the corporate landscape and inviting further leveraged buyouts, writes Max Bower.

    • 22 Jun 2017
  • Manutencoop builds HY comeback to pave PE stakeholders’ exit

    Putting litigation problems behind it, Italian buildings manager Manutencoop Facility Management SpA returned to the high yield bond market on Wednesday to fund a buyout, in which its cooperative parent will buy private equity firms out of its shareholder structure.

    • 21 Jun 2017
  • Multi-tranche flavour in corps but window may close

    Multi-tranche deals have been the issuance strategy of choice this week in the corporate bond market. Six of the seven issuers who have brought deals to the European markets in the first three days of this week have opted for such structures, and Reckitt Benckiser is expected to add its name to that list.

    • 21 Jun 2017
  • Austrian minibonds for CVG acquisition

    A €17m floating rate issue will be listed on the Third Market of the Vienna Börse to fund the acquisition of Corpo Vigili Giurati, the Italian private security group, by the Berni-Gamberini family.

    • 20 Jun 2017
  • EE plugs green refi bond deal into HY market

    Nordic issuers are occupying both ends of the deal size range in the euro high yield market of late. First was Sweden's Instrum’s multibillion bond sale on Friday, and on Tuesday Denmark’s European Energy announced a €50m refinancing deal.

    • 20 Jun 2017
  • ‘True HY’ awaiting Klöckner’s CCC PIK

    Klöckner Pentaplast, the German plastic packaging maker, has in store a potential subordinated bond deal to fund its merger with UK peer Linpac. Some see the issue as a test on how real the risk appetite is in the European high yield market.

    • 19 Jun 2017
  • Permira closes third direct lending fund at €2.1bn

    Permira Debt Managers, the direct lending arm of Permira, has closed its third fund at €2.1bn, having already invested over 30% of the fund, including £375m for UK private members club Soho House.

    • 19 Jun 2017

High yield bond news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Goldman Sachs 10,231.82 32 7.84%
2 JPMorgan 8,649.53 32 6.63%
3 Deutsche Bank 7,504.04 42 5.75%
4 BNP Paribas 7,457.95 38 5.72%
5 Credit Suisse 6,678.77 32 5.12%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%