It’s difficult for investors to resist yields near the highest levels of the past decade according to CreditSights. Zachary Griffiths, a senior fixed-income strategist with CreditSights, said the following on Bloomberg…
“That more limited issuance, especially to the degree peers have surprised to the upside this year, has helped support performance,” said analysts at CreditSights.
“Intel’s capex needs are ramping with the company pouring more investment dollars into leading-edge process technology development and infrastructure to support its foundry initiative,” CreditSights noted in a report. Additionally,…
“We continue to believe that AMC will focus on retiring debt at a discount, and thus on the [second lien] notes, when deploying excess liquidity for debt reduction,” said analysts…
Analysts at CreditSights, however, put fair value at 50bp–55bp and also said that they would have bought the bonds down to this level.
Analysts and investors remarked on the scale of the Ebitda adjustments the deal was being marketed with, which CreditSights analysts said price in around €119m of cost savings and strips…
The ever-increasing demand for green bonds from investors, meanwhile, is supporting their expected performance. Given the overall appetite for green and the relatively defensive nature of the Vonovia credit, CreditSights…
Some of that late-year issuance was to get in ahead of some US$18bn of funding needs to refinance 2021 maturities and those efforts are continued with Wednesday’s bond, according to…
Although the spread over senior credit is attractive to investors and rate resets are well protected from rising rate risks, the risk is not zero, said Jesse Rosenthal head of…
“The larger problem from the investor standpoint is that returns have been challenging and the expectation going forward is that crude oil and natural gas prices have been structurally impaired,”…