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AB Carval joins 2024 pipeline
8 months ago
AB CarVal has foreshadowed its first deal of 2024 with the announcement of marketing materials for CarVal CLO IX-C, a USD 508.3m BSL CLO arranged by Deutsche Bank -
Egypt works its Sharm on credit markets
1 year ago
Egypt looks to be reaping the benefits of hosting the Cop 27 climate summit in Sharm el-Sheik, with the country’s credit spreads on a sharp rally this week -
US and Europe divide honours between HY and IG as market rally extends
1 year ago
A second straight day of improvement is adding to this week’s gathering rally, but while US high yield is outperforming European the reverse is true in investment grade -
Infra specialist makes first SRT investment
1 year ago
An affiliate of Nuveen says it has invested in an SRT for the first time -
Russia triggers failure-to-pay credit event
2 years ago
The Russian Federation has triggered a failure-to-pay credit event on sovereign bonds, the Credit Derivatives Determinations Committee has ruled – marking an historic moment that caps off a long run of deliberations on the country’s international debt since it invaded Ukraine on 24 February -
Russia default claims resurface to shorten timeline to possible credit event
2 years ago
Russia is back in the spotlight amid renewed sovereign debt default claims, with the Credit Derivatives Determinations Committee asked once again to rule whether the country has triggered a failure-to-pay credit event -
"The loan market is the septic tank for sub-single B LBO financing"
2 years ago
Portfolios of single name IG CDS are less complex and more liquid than CLOs -
Sovereign in scope as Russian Railways triggers first Ukraine-linked credit event
2 years ago
Russian Railways had triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled, making this the first sanctions-related credit event since Russia's invasion of Ukraine in February -
Russia returns to default pricing as railway co awaits credit event vote
2 years ago
Russian credit spreads are once again under intense pressure and sanctions-related credit events are back under the spotlight as the country's state-owned railway company faces the scrutiny of the Emea Credit Derivatives Determinations Committee -
Russian Railways posed to DC as failure-to-pay credit event
2 years ago
Russian Railways has been posed as a failure-to-pay credit event, following a filing about its debt on the Swiss Stock Exchange on Friday -
German real estate co surges tighter despite market-wide single name sell off
2 years ago
Adler Group is a big improver in credit markets on Tuesday, against a broad sell off of other single names that has taken another European high yield company - Fives - to worrying risk levels -
Adler resumes downward slide as European real estate woes mount
2 years ago
Market sentiment is weighiing heavily on European real estate once again, with Adler bonds and CDS in particular adding to their recent deterioration -
Tabula launches ESG compliant Asia ex-Japan high yield ETF
3 years ago
Fixed income exchange traded fund provider Tabula Investment Management has launched what it says is Europe's first dollar-denominated Asia ex-Japan high yield corporate bond ETF compliant with environmental, social and governance standards -
Financials and high yield corps retrace tighter after inflation shake out
3 years ago
Credit markets firmed up on Tuesday, with European single name CDS finding a chance to recover some ground after Monday's inflation-led weakness. But credit indices underperformed, struggling to return tighter even as stock indices advanced once again and oil prices hit new highs -
Credit underperformance resumes as equity turns corner
3 years ago
Credit markets are pushing wider once again on Wednesday, even though stock markets look to regaining some composure following Tuesday's steep sell off -
Saipem moves sharply on Mozambique moans
3 years ago
Saipem, the Italian energy engineering group, was a big underperformer in a flattish credit market on Wednesday, as uncertainty over a project in Mozambique weighed on first quarter results and its outlook for the year -
Tobacco splutters in broad market sell off
3 years ago
Credit and equity are under pressure on Tuesday as markets pull back from their improved levels amid concerns about the worsening global covid-19 picture. But tobacco companies have their own problems to contend with, with the US considering a proposal to require lower nicotine levels in cigarettes and other countries also looking to curb sales -
French foodco CDS jumps on bond offering
3 years ago
Picard, the French frozen foods company, is a big underperformer in credit markets on Monday, as it limbered up to bring a triple-tranche bond deal -
Travel company CDS soars wider as bond issue converts to concern
3 years ago
TUI, the Anglo-German travel operator, is under pressure in credit and equity markets just it has launched an offering of convertible bonds -
No sign of caution as single names pick up rally into long weekend
3 years ago
Credit has extended its impressive rally into the long weekend, with single names playing catch up with indices amid economic recovery signals and on the back of US president Joe Biden unveiling a $2 trillion infrastructure plan -
High yield leads way as credit steals march on Biden boost
3 years ago
Credit indices have taken another turn for the tighter, even as stocks stay flat ahead of US president Joe Biden unveiling his infrastructure and economic recovery package -
Spreads rally sharply ahead of US high yield index roll
3 years ago
Credit markets are rallying into the weekend, pushing US high yield index CDX HY inside a key trading level ahead of its roll to a new series on Monday -
Brazil upheaval sends EM spreads to new wides
3 years ago
Emerging market credit spreads are reaching new wides, with Brazil holding focus in the sell off amid a spike of covid 19 cases and deaths well beyond the country’s previous peak. Elsewhere credit is in a stable range but underperforming a more buoyant turn in other asset classes -
Captor builds CDS use-case as it launches smart beta strategy
3 years ago
Stockholm-based Captor Fund Management is readying a fund that will aim to beat cash bond benchmarks by investing in CDS indices, adding to signs of broader appetite for the asset class -
Broad sell off resumes as government yields head north
3 years ago
Caution is returning at the end of a stronger week for credit, as government bond yields resume their push higher. Asian and European markets followed the US lead from Wednesday with ubiquitous widening of spreads across indices and single names
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