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Cash Bonds

Indosat $650m bond success augurs well for Indonesia issuers

Published online only

Source: Credit

A $650 million bond from Indonesian telco Indosat, issued last month, was a record 16 times oversubscribed. What was it about the deal that attracted investors in such numbers?

Credit | 26 Aug 2010  Image
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Cash Bonds

Credit investors up in arms over lax covenants

Published online only

Source: Credit

Investors are complaining that documentation for high yield bond deals has become increasingly opaque and poorly structured, making it difficult to gauge the level of risk. Will the glut of high yield...

Credit | 26 Aug 2010  Image
charles-henri-lorthioir-limestone-2010
Cash Bonds

Opaque bond documentation a risk to high yield investors

Published online only

Source: Credit

Market participants have warned an increasing number of European high yield bond offerings are accompanied by unclear – even misleading – documentation.

Credit | 13 Aug 2010  Image
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Loans

Alcentra advocates leveraged loans over high yield

Published online only

Source: Credit

Paul Hatfield, CIO of Alcentra, says investors should choose loans because of “stupendously attractive” returns.

Credit | 04 Aug 2010  Image
beer-bottle-cov-lite

Cash Bonds

The return of cov-lite debt

Published online only

Source: Credit

The corporate bond market may have bounced back strongly in 2009, but the road to economic recovery will be a bumpy one for many issuers. So why does the covenant-lite bond appear to be making a comeback? The credit market can sometimes look an odd...

Credit | 03 Nov 2009  Image

Investment

Bill of rights

Published online only

Source: Operational Risk & Regulation

A group of 25 institutional investors have released a manifesto outlining their aims for a better world for bondholders. Stronger covenants, greater transparency and improved ratings practices are amongst their demands.

Operational Risk & Regulation | 27 Oct 2003  Image

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