No coupon step-ups, no problemo #highyield v2.creditsights.com/articles/40007… for #PublicPowerCorporation

🤯

Getting this one for obvious reasons 🌇

Hot spot!

A healthcare credit with European emerging market exposure is pricing its B3 #highyield debut with a 6% handle — not bad, no? v2.creditsights.com/articles/40007… and a nice size, too.

Fintech #ElevingGroup making #highyield high again! It’s printing €250mn of 2030 secureds with a 9% handle pro.fitchratings.com/entity/GRP_967…

End of an era!

Great to see US journalists defending their front line 🤝 nytimes.com/interactive/20…

Well, Banc Sabadell shareholders have rejected BBVA’s bid.

Watching — and I find it absolutely entertaining..!

“Four legs good, two legs better” vibes.

Weiwei!

(I’ve got a ticker at home just for fun, eh — apologies to those who observe).

Timely US report — “Fitch Ratings analyzed migration patterns of ‘BBB-’ and ‘BB+’ ratings among corporates and NBFIs from 2005 to 2024. The likelihood of a ‘BBB-’ issuer becoming a fallen angel is 25% to 35%, while a ‘BB+’ issuer becoming a rising star is 35% to 43%.”

We (rightly) criticise corporate earnings calls when CEOs and CFOs dodge requests for accurate information and relevant data, but what government members get away with is something from another dimension 🤯😩 How could we reporters undo the normalisation of this white noise..?!

I suddenly need a new reading chair 🥹

For the classical music nerds in London 🤝

Meanwhile, in New York… 😆

Listening — from the Valencian composer who annoyed Mozart 😅 🎼