Secured issuance and higher pricing define current HY bond market Source: Debtwire Par The US high yield bond market has been printing paper at a rapid clip since reopening in April, which saw roughly USD 40.6bn in volume, the most active month this year to date, and a far cry from the USD 5.3bn seen…
The short-term forecast Download PitchBook’s Report here. PitchBook analysts expect deal flow to drop fairly substantially over the next several quarters. The trajectory is similar to the drop during the 2008 financial crisis but doesn’t reach the depths that it did in 2009. If our forecasts come close to the truth, deal volume will dip to…
One of our readers asked for help deciphering what was going on in the high-yield market. So we recruited Matt Fuller from our content partner, LevFin Insights. “From the perspective of high-yield investors,” Matt told us, “it’s a great time to be involved. We were pretty much shut down in March. Total volume was only […]
We continue our special series on high-yield bonds with a look at more deals in the market. Our tour guide on this trip, Matthew Fuller of LevFin Insights, identified several transactions as signs of market recovery. Northwest Fiber (Caa1/CCC), with a new issuer name, Ziply Fiber, came out with a loan/bond buyout of Frontier Communication…
New issue high-yield bond yields are up sharply since COVID-19 hit in March.
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Has Asia-Focused Private Debt Been Impacted by COVID-19? The Asian private debt market is still relatively small, and expansion has been slower than in the more developed regions of Europe and North America. The region has yet to reach a ‘critical mass’, so activity remains cyclical. Has there been a significant change amid the pandemic…