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About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
Despite their outsized influence, megacap US companies cannot be accessed by traditional convertible bond investors
European investors opt for junk bond ETFs in home markets over US for first time since 2019
Having failed to make it, more firms may try to fake it
Sums raised by investment firm allegedly spent on earrings, horses and shotguns
Schemes increase exposure in wake of 2022 gilts market crisis and as they prepare for buyout deals
Debt with rock-bottom triple C ratings has missed out on a broader rally
Oaktree’s incoming head talks high-yield bonds, private credit and why regional banks are lending to middlemen
Charlie Ergen’s audacious restructuring plan at Dish Network is emblematic of telecoms industry’s troubles
We don’t know — and we have the charts to prove it
RIP bond kings
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Spreads on high-yield bonds are historically tight. We ask why
Ultra-tight credit spreads are only part of the picture
US central bank chair sees three reductions in 2024 while markets price in five
Sponsors under pressure from investors to return cash but are finding it harder to offload companies
Three offerings target segment of bond market that has been outperforming broader market peers
With rates set to fall, are corporate bonds too expensive?
Bond will fund recycling projects in Ghana and Indonesia that generate offset credits
Growing number of developing countries no longer in ‘debt distress’
Investment-grade companies tap dollar-denominated debt market at fastest year-to-date pace to lock in lower yields
Market prices can change expectations, as well as reflect them
What they do in the shadows
Global inflows of $965bn last year was the second highest tally on record
Yields have fallen to about 8% from 9.4% in early November but some analysts are concerned by high funding costs
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