HY bond issuance slows sharply in August,
flows turn negative
Source: Debtwire Par, Lipper
High yield bond issuance slowed sharply in August, totaling just USD 9.5bn, the lowest monthly figure this year, with one deal (Tenet Healthcare’s USD 4.2bn refinancing) accounting for a large chunk of activity. The second half of the month saw just one new deal price, leaving deal flow far below the USD 19.6bn posted in the same month last year.