Tuesday, 23 April 2019

Yoruk Bahceli' s stories

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  • S&P cuts Jaguar to Single B territory

    S&P cuts Jaguar to Single B territory

    Ticker | 27 March 2019

    S&P cut Jaguar Land Rover’s rating one notch to B+ with a negative outlook, giving the troubled company a Single B rating after nearly eight years on Wednesday afternoon.

  • Volvo

    Volvo visits euro market as it develops electric cars

    Ticker | 26 March 2019

    Volvo Car returned to the euro market on Tuesday as it seeks funding to develop its electric car brand Polestar.

  • LeasePlan logo

    LeasePlan drives holdco to high-yield

    Ticker | 25 March 2019

    LeasePlan started marketing a €1.35bn dual-tranche refinancing trade on Monday, the first holding company debt offered to the European high-yield market this year.

  • Preem gas station

    Preem closer to refinancing PIK notes

    Ticker | 25 March 2019

    Swedish fuel company Preem said on Monday that it is closer to refinancing its outstanding PIK notes, which become callable on May 15.

  • Faurecia

    Faurecia takes concession off the table after Sappi

    Ticker | 13 March 2019

    Faurecia is set to price its €500m 7NC3 note at 3.125%, paying a minimal concession after yanking in pricing 37.5bp from IPTs as investors continue to show voracious appetite for highly rated Double B paper.

  • Faurecia

    Double Bs hog high-yield limelight

    Ticker | 12 March 2019

    Investors wanting to get their hands on Single B paper will have to wait a bit longer as supply from Double B issuers shows no sign of letting up, with Sappi and Faurecia looking to take advantage of attractive market conditions.

  • Johnson Controls

    Investors plug into Power Solutions

    Top News | 08 March 2019

    A limited supply of leveraged finance deals looks likely to ensure a strong reception for a US$10bn debt package backing the buyout of Johnson Controls’ auto battery unit Power Solutions.

  • Johnson Controls sign

    Johnson's Power Solutions kicks off roadshow

    Ticker | 06 March 2019

    Sector prospects and the large scale of the business are being weighed alongside the aggressive leverage deployed on the buyout of Johnson Controls’ Power Solutions by investors at the start of the bond roadshow in Europe on Wednesday.

  • Johnson Controls

    Johnson ups bond portion of jumbo LBO financing

    Ticker | 05 March 2019

    Banks will begin marketing the US$4.7bn bonds backing the buyout of Johnson Control’s power solution business by Brookfield Business Partners on Wednesday, the latest big financing to hit the high-yield market which is off to its best start in years.

  • Mobile phones made by Nokia are pictured in this photo illustration (Reuters)

    Nokia connects bond investors to 5G uncertainty

    Ticker | 04 March 2019

    Nokia priced the tightest high-yield deal so far this year at the same level it was able to secure in the red-hot market of 2017 despite uncertainties ahead for the roll-out of 5G networks.