Top Insights of the Week: Ending 2/25/22
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Syndicated Bank Loan Market Summary – Week Ending 2/25/22
TRAVELPORT TL B increased 1.39% from $80.08 to $81.20 following the announcement of a new long-term distribution agreement with Qatar Airways, offering new distribution capabilities (NDC) and advanced merchandising solutions.
High Yield Corporate Bond Market Summary – Week Ending 2/25/22
Tenneco (5 7/15/2026) increased 7.8% from $92.77 to $100.02 last week after the automotive parts maker announced it is being taken private in an all-cash deal valued at $7.1 billion.
Investment Grade Corporate Bond Market Summary – Week Ending 2/25/22
Slovenia (0.6875 3/3/2081) increased 4.6% from $64.40 to $67.35 last week after the country’s finance ministry issues a mandate on six international banks to lead a reopening of euro-denominated benchmarks bonds.
Municipal Bond Market Summary – Week Ending 2/25/22
NJ RUTHGR 3.92 05/01/2119 increased 3.9% from $102.42 to $105.72 following the launch of a new financial aid program that increases access and affordability for in-state students.
Top Insights of the Week: Ending 2/18/22
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Syndicated Bank Loan Market Summary – Week Ending 2/18/22
PGS TL B increased 4.2% from $75.51 to $82.82 due to an increase in demand for oil and gas exploration activities contributing to growth in the geophysical data market.
High Yield Corporate Bond Market Summary – Week Ending 2/18/22
Wesco Aircraft (9 11/15/2026 144A) increased 7.8% from $92.77 to $100.02 last week after bond holders for the aerospace supplier tap counsel for restructuring talks.
Investment Grade Corporate Bond Market Summary – Week Ending 2/18/22
Deutsche Bank (1.875 12/22/2028) increased 6% from $92.72 to $98.34 last week given continued execution of several transformation strategies initiated in 2019 with remarkable results to date.
Municipal Bond Market Summary – Week Ending 2/18/22
PR PRCPWR 5 07/01/2032 increased 1.02% from $96.73 to $97.85 as the financial oversight board responsible for Puerto Rico’s bankruptcy expects to have a plan for PREPA’s debt later this year.
