“At midday, it looks like total trading is running a little behind the pace of the last couple of days, which should serve as a reminder that the trades that…
Plenty of blood has already been spilled in 2020. CreditSights counts six companies, including Chesapeake Energy and Whiting Petroleum, whose debt had fallen more than 20 per cent this year through last…
However, CreditSights noted it is unclear if Prudential will distribute the funds to PGIM for third party asset management or whether they will go to the company’s general account. More…
For example, it is difficult to imagine that electricity use in California will decline (on net, at least) if the state’s workers stay home. And Truist has “limited direct exposure”…
“They are buying the debt that other investors don’t want to touch, helping to push down the yields,” said Jason Tan, a research analyst covering Chinese financial institutions at debt-research…
Borrowers will likely have to accept that the funding environment won’t resemble what it was just a few weeks ago. Spreads have blown out, rates have rallied to historic lows…
“While this week’s expected value of $9.1 billion appears to be dramatically lower than last week’s supply, it is still 15% above the year-to-date weekly average of $7.9 billion,” said…
The broadcaster has announced that investment firms Searchlight Capital Partners and ForgeLight have acquired a 64% stake in the broadcaster. Terms have not been disclosed, but researchers at CreditSights estimate…
This scare was prompted by worries about the coronavirus outbreak’s potential effects on global economic growth and corporate earnings. Crude-oil prices sank more than 10%, and the high-yield market reflected…