High Yield Bonds

  • Sluggish HY mart gets triple helping

    After a couple of weeks of sluggish issuance during earnings season, there were three new European high yield bond mandates on Monday, including an innovative sustainability-linked issue from Greece’s Public Power Corporation — a step forward for the structure, which has been slow to catch on in the HY market.

    08 Mar 2021

  • Tottering Greensill puts fate of SCF clients in question

    Lawyers for struggling supply chain finance firm Greensill argued in court that over 50,000 jobs could be at risk from its collapse, precipitated by the withdrawal of credit insurance. But experts in the sector with knowledge of Greensill’s exposures argue that even Sanjeev Gupta’s Liberty Alliance empire could come out ahead.

    04 Mar 2021
  • EG Group fuels pump purchases with private debt

    EG Group fuels pump purchases with private debt

    EG Group leant on private markets to raise cash for its purchase of the forecourts business of UK supermarket Asda and a chain of German petrol stations from OMV. The group is raising first and second lien loans, and, on February 26, privately placed a £675m Reg S-only bond.

    04 Mar 2021
  • Taiwanese chip makers set to seek out loans on capex surge

    Taiwanese chip makers set to seek out loans on capex surge

    Taiwanese semiconductor distribution company WT Microelectronics is plotting a return to the loan market after an absence of almost eight years. Bankers say more companies from the sector are likely to turn to loans in 2021 as strong growth in the industry propels opportunistic fundraising. Pan Yue reports.

    04 Mar 2021
  • B&B Hotels launches liquidity deal

    B&B Hotels launches liquidity deal

    Goldman-owned hotel chain B&B Hotels has launched a new loan deal for liquidity, in a test for the loan market's capacity for the next generation of rescue funding in the most distressed industries. The deal comes alongside an equity cheque of €80m.

    03 Mar 2021
High yield bond news archive