Parsing the junk bond market entrails for clues
Private markets FTW
High-yields might not be a giveaway any more but are fairly priced
We love big bond trades and we cannot lie
Guy Hands’ Annington, Just Eat Takeaway and Tennet among borrowers under pressure from investors over asset sales
Struggling UK and French groups are on track to skew junk bond market outlook
However, some investors are warning that parts of the market are starting to look overheated
Investors shrug off fears that Donald Trump will kill cleantech company’s tax breaks
It remains very hard to argue that anything meaningful has changed in the UK
Companies take advantage of huge investor demand to pull forward bond issuance originally planned for next year
Borrowers turn to distressed exchanges in the face of punitive interest rates
Debt deals by Blackstone, Elliott and Vista Equity Partners point to a sea change in the market
Bond issue documentation shows UK utility under pressure over high financing costs
If there is a company worthy of handling a low credit rating it may be the Greek yoghurt maker
Fed cuts and robust economy spur ‘tremendous demand’ for US credit
Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest rates
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Company backed by investors including Clayton, Dubilier & Rice and Hellman & Friedman prepares €4.4bn dividend
High yield debt is becoming more investment grade
Heavy inflows in August are the latest sign of a comeback for fixed income in a cooling economy
More than $66bn has poured into fixed-income funds since start of July
Investors withdrew $2.5bn during market plunge on fears of economic slowdown and lower coupons if interest rates fall
Hello uptiers, trapdoors, dropdowns, and double dips
And changing its nature in the process
Loss of investment-grade status for utility’s safer debt could increase regulatory scrutiny and flood high yield market with bonds
