NEW YORK, Oct 18 (IFR) - Beware, the bulls are back in junk
bonds with a big thirst for yield now that Treasuries have
rallied, with issuers gearing up to make the most of it by
selling a litany of high-risk structures and opportunistic
trades in coming weeks.
NEW YORK, Oct 16 (IFR) - Debt defaults by US
speculative-grade companies declined in the third quarter,
breaking a streak of rising defaults over the prior three
quarters, Moody's said on Wednesday.
NEW YORK, Sept 26 (IFR) - Debt-laden casino operator Caesars
has had to sweeten the terms of its new USD4.85bn bond and loan
package to whet investor appetite for the highly leveraged and
complex debt deal.
NEW YORK, July 26 (IFR) - Are US fund managers a collection
of manic-depressives swinging rapidly from one extreme to the
other? A cursory glance of the US corporate bond markets might
make you think so.
NEW YORK, June 26 (IFR) - Junk bond yields have shot up to
nearly 7% for the first time in almost a year, as immense
volatility and brutal selling have pushed valuations 2% higher
from their May lows.
NEW YORK, June 25 (IFR) - Pharmaceuticals giant Valeant
sweetened the terms on its proposed new loan and high-yield debt
financing package, sources said Tuesday, as it looks to fund its
USD8.7bn acquisition of Bausch & Lomb in an extremely jittery
NEW YORK, June 24 (IFR) - Valeant Pharmaceuticals has
sweetened the terms on its proposed jumbo high-yield bond, as
the pharma giant tries to get a deal done in an extremely
unwelcoming issuance climate.
NEW YORK, June 21 (IFR) - Unrelenting volatility has kept
junk-rated borrowers out of the funding markets in recent days.
But with commitments for its M&A financing already in place,
pharmaceutical giant Valeant has little option but to tackle a
tumultuous market head on with a mega-sized deal.
NEW YORK, June 19 (IFR) - National Financial Partners Corp
was the only issuer to brave the US funding markets Wednesday,
testing the waters while other issuers stayed on the sidelines
ahead of the highly anticipated Federal Reserve statement later
in the day.
NEW YORK, May 29 (IFR) - As Treasuries sold off in recent
days, the higher quality segment of the high-yield market has
taken a hit, but bankers indicate that most borrowers won't let
this affect their plans to come to market.