What is a High Yield Bond?
A high yield bond is a debt security issued by a corporation with a lower than investment grade rating. It is a major component of the leveraged finance market.
LCD News & Analysis
20 Mar, 2019—Churchill Downs announces $400M of eight-year notes for debt refi
19 Mar, 2019—Judge dismisses Marble Ridge claims over Neiman's MyTheresa transfer
18 Mar, 2019—Revlon delays annual 10-K, details liquidity, ERP-related losses
18 Mar, 2019—Affinion receives consents for recap, covenant elimination
15 Mar, 2019—Bond-for-loan takeouts ramp up in 1Q19
12 Mar, 2019—Target Hospitality secured bonds price to yield 9.75%; terms
7 Mar, 2019—Digicel upsized secured 1L bonds price at par to yield 8.75%; terms
4 Mar, 2019—Gap rating eyed for possible downgrade on Old Navy spin-off plan
See how we deliver essential market insights.
Learn more about LCD
Our High-Yield Bond Primer details the high-yield loan market mechanics and historical trends
What is a high yield bond? Our free, online High-Yield Bond Primer is the definitive guide to high-yield bond markets and the industry. We cover everything from high-yield bond purposes, investment grades, junk bonds, issuers, investers, structure, coventants, bond math, registration, derivatives, and everything in between.
LCD News and Insights
With real-time news and proprietary analytics, LCD provides current and accurate news and technicals for both the U.S. and European credit markets: leveraged loans, high yield, and high grade. Covering originations, breaks, secondary returns and distressed debt, from the large syndicated through the middle market.
Get news and analysis from Leveraged Commentary & Data
Request Free TrialFree, On-Demand LCD Webinars
Watch our free, on-demand webinars from Leveraged Commentary & Data (LCD) and S&P Global Market Intelligence.
Free webinars include:
Watch these on-demand webinars on any internet-connected device.