Investing.com - Financial Markets Worldwide

Bankers Are Telling Corporate Clients This Is Their Chance To Refinance

Published 03/28/2012, 06:51 AM
Updated 07/09/2023, 06:31 AM

The chart below overlays this year's High Yield bond issuance on top of last year's. This is the picture that bankers are showing their corporate clients. They are telling them your opportunity is now - the window of cheap financing is open. Many new issue HY bonds are being done below 6% (remember this is for "high yield" bonds), and if you have debt to refinance in the next year or so, the banks are telling you this is your chance.
HY Issuance
And the corporations are listening. Fears of either rising rates or widening spreads are pushing firms into an already heavy HY calendar. LYB, GTI, Hindery, VFC are among the corporate names tapping this market. Whether this rush to refinance is justified remains to be seen, but in the meantime the banker fees are rolling in.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.