High Yield Corporate Bond Market Summary – Week Ending 4/14/22
Sunac’s 7.95% 8/8/22 bond price decreased 26.6% from $37.51 to $27.52 last week after the Chinese property developer missed its first bond payment deadline.
Investment Grade Corporate Bond Market Summary – Week Ending 4/14/22
Albemarle’s (Ticker: ALB) 3.45% 11/15/29 bond price increased 2.1% from $93.43 to $95.42 last week after the U.S.-based lithium production company announced it is reopening an idle lithium mine as lithium demand continues to grow and new technologies continue to lower its costs.
Syndicated Bank Loan Market Summary – Week Ending 4/14/22
Dunn Paper’s Term Loan price decreased 12.7% from $89.98 to $78.52 as the paper company faces a rating downgrade to Caa3 due to refinancing risk on both it’s revolver and term loan because of a bottleneck in pulp supply.
Municipal Bond Market Summary – Week Ending 4/14/22
Massachusetts’ Commonwealth Transportation Fund Revenue Refunding 5.00% 8/01/40 bond ranked high on the Quote Volume list last week, increasing 300% after customers traded more than $4 million in positions.
LFI BDC Portfolio News 4/11/22: M&A, refinancing drive new loan activity for BDC-held issuers including Epiq, Mavis Tire, TouchTunes
LFI BDC Portfolio News 4/11/22: M&A, refinancing drive new loan activity for BDC-held issuers including Epiq, Mavis Tire, TouchTunes
BDC Common Stocks Market Recap: Week Ended April 8, 2022
BDC Common Stocks Market Recap: Week Ended April 8, 2022
High Yield Corporate Bond Market Summary – Week Ending 4/8/22
Talen Energy Supply’s 6.5% 6/1/25 bond price increased 50.4% from $22.33 to $34.25 last week after securing $848M financing commitment to advance an energy transition strategy. The company is progressing on multiple projects to build out mining operations and digital asset infrastructure.
Investment Grade Corporate Bond Market Summary – Week Ending 4/8/22
Sino-Ocean Group’s 4.75% 8/5/29 bond price increased 14% from $66.05 to $75.32 last week after the firm’s Beijing-based asset management arm set up a $600M special situations fund to invest in residential properties across key cities in China’s central coast and southern bay area.
Municipal Bond Market Summary – Week Ending 4/8/22
Virgin Islands Public Finance Authority Revenue Bonds 5.00% 10/01/32 price increased 1.9% from $98.00 to $99.88 following the finalization of a plan to fund a retirement plan for the next 30 years after being at risk of insolvency.
LFI BDC Portfolio News 4/4/22: Light & Wonder (Scientific Games) markets $2.2B TLB supporting refinancing; BCRED among existing term debt holders
LFI BDC Portfolio News 4/4/22: Light & Wonder (Scientific Games) markets $2.2B TLB supporting refinancing; BCRED among existing term debt holders
