Analysts at research firm CreditSights would not be buyers of any of last week’s paper after tightening and prefer Pernod’s higher-rated, UK-based competitor Diageo – the maker of brands such…
CreditSights analyst Andrew DeVries said that “on the surface” the prospect of NextEra, with a market cap of about $139 billion, acquiring Duke Energy, with a market cap of $61…
Even before the curfew was announced, Stonegate told investors that it was at risk of breaching debt terms in July next year if sales were lacklustre, and a second lockdown…
In the second quarter, Gilead reported some US$8.6bn of free cashflow over the last 12-month period (down 10% year-on-year), according to CreditSights. The company has no bonds maturing this year…
“We had expected T-Mobile to be proactive refinancing its higher coupon HY debt given the potential for material interest savings,” research firm CreditSights noted in a report.
The use of proceeds is believed to be a first of its kind in the capital markets, where Bank of America has taken a leading role in both the size…
“As expected, Fed purchases of both corporate bond ETFs and direct purchases of bonds slowed in July as the market has generally functioned well,” wrote the CreditSights team led by…
Muni investors saw a $22 billion cash “wave” last week from maturing and called securities, according to CreditSights, a greater sum than investors are expected to receive in all of September….
CreditSights saw fair value at around 120bp over Treasuries on the new 11NC10s, comparing them to the existing 2.592% April 2031s, which had been trading at plus 118bp the previous…
While the terms of the deal are tighter than other recent transactions in the sub-investment space, there are still some areas of concern for investors, CreditSights analysts wrote in a…