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...Growing capital flows in the region had created a “plethora of opportunities” for market making, Griffin said....
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...The owners and managers of the True Confidence, who purchased the vessel just days ago from US private equity group Oaktree Capital, gave details of the deaths and injuries in a statement on Thursday....
...But a statement amounting to “we will work harder on quality now” is not reassuring, though I am sure Boeing will work harder at it; everyone in the C-suite must now know they are one incident away from...
...Do I want to take, say, double B credit risk for another 1.9 per cent of yield on top of that, especially when high-yield default rates, while low, are rising?...
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...About half the market is made up of double-B bonds, the highest-quality rung, up from about a third a decade ago....
...Which of the following was not a pre-bitcoin digital currency: B-Money, HashCash, Internet Money, Bitgold, Beenz?...
...Exhibit B: Norway’s parliament last month voted to open up for deep-sea mining in and close to the Arctic....
...This summer, L’Oréal’s venture capital arm Bold invested in the start-up Debut, which specialises in “cell-free” ingredient manufacturing, leading a $34mn series-B round of funding....
...What I need to know about a company to assess its profitability is how much money it can make from the capital invested in it, and how effectively the money produced can be reinvested in the future growth...
...C Shawn Booking agrees that private credit funds earn higher spreads and total yields because they’re providing speed, certainty of execution and cost of capital; privacy in terms of the borrower not needing...
...population to the industrial disputes across the public realm to the darkening geopolitical picture are not going away b) voters are fully aware of a) and therefore c) trying to run on tax cuts will just...
...Rieder: I’d say it’s a B-. But it’s not a C. Why are you getting these sorts of yields in credit today? You’re getting them because the risk-free rate is so darn [high]....
...possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...So money that did go into high yield went into higher quality, including double-B bonds....
...The gap between the yield on double-B and triple-C bonds narrowed to its tightest level in 15 months at 6.53 percentage points in recent days, before widening slightly to 6.74 percentage points at Friday...
...While King Street declined to comment on the performance numbers, Paul Goldschmid, partner and co-porfolio manager, said: “The debt market for sponsor-owned single B or triple C rated debt has generally...
...Slok: In some cases triple C, even single B credit looks more vulnerable, because those are the firms that are more vulnerable to higher interest rates....
...Google’s parent company Alphabet has a relatively respectable “B” grade from InfluenceMap....
...These were fees that would have been legitimately owed by the fund,” he said, adding that his understanding was that there was sufficient capital available to repay the accumulated debt....
...Across weaker companies and weaker properties, capital structures and valuations need updating, but not every B-grade office building is facing the bulldozer....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
...Some 150km away at the Thanh Oai industrial complex in Hanoi, where B....
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