Friday, 22 February 2019

Yoruk Bahceli' s stories

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  • TurkTel reopens Turkish corporate space

    Emerging Markets | 22 February 2019

    Turk Telekom reopened corporate issuance from the country after a 10-month hiatus with a US$500m six-year note that took advantage of restored calm in Turkish financial assets.

  • Vallourec logo

    Vallourec assuages refinancing concerns, for now

    Ticker | 21 February 2019

    Short-term refinancing concerns around French industrial tube maker Vallourec were assuaged by the company’s earnings and an extension of its bank facilities.

  • A Senvion wind turbine

    Senvion update raises restructuring question

    Ticker | 21 February 2019

    Senvion’s guidance update, which sent its bond crashing, is leading analysts to believe that a debt restructuring has become more likely.

  • A Senvion wind turbine

    Senvion bonds crash on update

    Ticker | 20 February 2019

    Senvion’s bond fell 17 points on Wednesday after it revised its 2018 guidance, further cutting earnings.

  • Bank of America Merrill Lynch sign

    Growth fears spook credit investors - BAML

    Ticker | 20 February 2019

    Credit investor worries are focused on prospects for a global recession, according to Bank of America Merrill Lynch’s February credit investor survey.

  • Faurecia

    Faurecia confirms bond for remaining Clarion refi

    Ticker | 18 February 2019

    Faurecia told investors on its yearly earnings call on Monday that it plans to issue a new bond to finance the remainder of its acquisition of Japanese peer Clarion, confirming expectations.

  • ThyssenKrupp

    Thyssenkrupp pays up for pre-split refinancing

    Ticker | 18 February 2019

    Thyssenkrupp paid up to refinance debt ahead of its reorganisation as uncertainties loom about its new capital structure and the performance of its business.

  • Juventus

    Golazo! Juventus scores with debut bond

    Top News | 15 February 2019

    Juventus scored with its debut bond on Wednesday, raising €175m through a five-year offering that was also the first investment-grade-style bond from a football club.

  • Juventus

    Juventus scores with debut bond

    Ticker | 13 February 2019

    Juventus scored with its debut bond on Wednesday, raising €175m through a five-year offering that was also the first investment-grade-style football club deal.

  • Juventus

    Juventus transfers interest to bond market

    Ticker | 12 February 2019

    Football club Juventus is hoping to hit the back of the net with its debut bond, with a chunky spread expected to keep investors onside.

  • 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.

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