Friday, 22 February 2019

Yoruk Bahceli' s stories

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  • Logo of Nikko Asset Management

    MOVES-Nikko AM adds to fixed income with high-yield hire

    Ticker | 11 February 2019

    Nikko Asset Management has appointed Richard Kehoe as senior high-yield analyst for its London-based global fixed income team.

  • Romanian flag

    Digi markets another high-yield tap

    Ticker | 06 February 2019

    This week’s first announcement in European high-yield is another tap, this time for Digi Communications.

  • Women walk past a store of Spanish discount grocer DIA in Las Rozas

    DIA rallies on LetterOne takeover bid

    Ticker | 05 February 2019

    DIA’s primary shareholder LetterOne has launched a takeover bid for the troubled Spanish retailer, triggering a sharp rally in the company’s bonds and shares. The investment vehicle controlled by Russian tycoon Mikhail Fridman has committed to support a €500m capital increase following the completion of the €300m bid.

  • Smurfit Kappa

    Good high-yield backdrop, but no deals

    Ticker | 04 February 2019

    No high-yield deals were announced on Monday and at least one name pulled back, according to a senior banker, despite a conducive market backdrop after last week’s deals.

  • Arrow Global logo

    Debt collectors to live within their means - S&P

    Ticker | 04 February 2019

    European debt collectors are expected to begin managing their own debt and shore up their balance sheets in 2019 rather than focusing on acquisitions, S&P said in a report on Monday. Nearly all debt collectors covered by the agency expanded their geographical footprints in 2018, thanks to a steady stream of cheap funding.

  • Euro coins

    January European high-yield issuance slumps 64%

    Ticker | 31 January 2019

    European high-yield has had a slow start to the year with issuance volumes down 64% compared to January 2018. The €2bn-equivalent that priced made it the second slowest start to a year since 2014, according to IFR data, with only 2016 seeing lower issuance levels.

  • Smurfit Kappa

    Smurfit Kappa taps with drive-by

    Ticker | 30 January 2019

    Smurfit Kappa brought a drive-by tap on Wednesday, joining two mirror offerings in the high-yield market.

  • A barman pulls a pint of beer

    Expensive round for Stonegate

    Ticker | 30 January 2019

    UK pub operator Stonegate has set talk at 625bp-650bp over Libor with a 99.50 OID for its £150m March 2022 FRN ahead of pricing later in the session.

  • A barman pulls a pint of beer

    Stonegate markets another mirror note

    Ticker | 29 January 2019

    Stonegate has followed Autodis into the European high-yield market with a planned bond that also mirrors an outstanding FRN.

  • A woman smokes outside Telefonica headquarters in Madrid

    Telefonica introduces Green to telco sector

    Ticker | 28 January 2019

    Telefonica is due to price the first Green bond out of the telecommunications sector on Monday.