Why Was High-Yield Bond Issuance Slow Last Week?
Last week brought the total US dollar-denominated issuance of high-yield debt to $66.5 billion in 2016 YTD—47.0% lower than the same period in 2015.
High-Yield Bond Funds Witnessed Large Outflows
Investor flows into high-yield bond funds were negative last week. According to Lipper, net outflows from high-yield bond funds totaled $1.8 billion.
Hanesbrands Issued the Most Junk Bonds in the Week to May 6
Hanesbrands issued Ba2/BB rated dollar-denominated junk bonds worth $1.8 billion on May 3. It will use the proceeds of the loan for refinancing purposes.
Autodesk Bolsters Its Customer Outreach with a Software Showroom
Autodesk (ADSK) spends a big chunk of its revenue on marketing its products.