European metal and mining company Nyrstar NV is on the market with a 350 million ($460 million) bond offering as part of a 600 million ($788 million) refinancing package.
Norwegian Cruise Line Holdings Ltd. (NCL) plans to tap the debt markets to finance its $3.025 billion acquisition of Prestige Cruises International Inc.
Chinese debt capital market (DCM) volume has reached a record high point, according to Dealogic. China DCM volume now totals $426.7 billion so far this year.
High yield bond funds saw another week of positive flows, continuing the rebound after the month-long selloff over July and August.
Secondary market average daily trading volumes are down for August even though they are higher year-to-date over last year, according to data from Finras TRACE.
U.S. investment bank revenue has reached its highest year-to-date level since 2007. M&A revenue leads among revenue streams. U.S. core investment bank revenue now totals $17.5 billion year-to-date.
Yingde Gases Group sold $250 million in 7.25% senior notes due 2018. It plans to use the proceeds to refinance debt and for capital expenditures.
Struggling RadioShack is reportedly in talks with a hedge fund on a financial rescue package that would include refinancing existing debt. The plan could help jump-start renewed negotiations with creditors and allow it avoid bankruptcy.
Global merger and acquisition volumes have reached a year-to-date high not seen since the heady buyout boom days of 2007. The percentage of global M&A activity financed by high yield bonds and leveraged loans is on the rise.
Debt-laden gaming and casino giant Caesars Entertainment is reportedly slated to start restructuring talks with bondholders after Labor Day. Caesars has approximately $20 billion in outstanding debt.