High Yield Bonds

  • Delta variant spread puts reopening trade at risk

    Delta variant spread puts reopening trade at risk

    Credit spreads for corporate borrowers from sectors that will benefit the most from reopening from lockdowns are drifting wider as coronavirus infections rise thanks to the spread of the delta variant. Industries already battered by the pandemic face a rough autumn in capital markets if there is another major global wave of the virus.

  • Jefferies eyes IB big league with SMBC alliance

    Jefferies eyes IB big league with SMBC alliance

    Aligning with a global commercial bank has been on Jefferies’ agenda for several years, but its alliance with SMBC signals an intent to join the investment banking big league. By David Rothnie.

  • Trade body pair reinforce importance of KPIs for SLLs in leveraged market

    Trade body pair reinforce importance of KPIs for SLLs in leveraged market

    The Loan Market Association (LMA) and the European Leveraged Finance Association (ELFA) jointly released a best practice guide for sustainability-linked loans on Wednesday. The guidance is aimed specifically at the leveraged loan market and stresses the importance of agreeing on clearly defined key performance indicators ahead of announcing a SLL.

  • Chia Tai feeds debut $500m loan to market

    Chia Tai feeds debut $500m loan to market

    Chia Tai Animal Husbandry Investment (Beijing) Co, an onshore China entity of Thailand’s Charoen Pokphand Group, is borrowing its first offshore loan directly.

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