BA launches convertible bond
British Airways launched a £300 million senior secured convertible bond today.

Barcap recommends dislocated trible-Bs
Barclays Capital analysts posit that credit investors will see alpha generation from positioning into dislocated triple-B credits.

Lower tier-two back in safe haven, says UniCredit
UniCredit points out opportunities in the lower tier-two market for buy and hold investors, arguing that lower tier-two is back in the safe-haven status.

UniCredit maintains buy recommendation on Heidelberg 2012 bond
UniCredit maintains its buy recommendation on HeidelbergCement’s 2012 bond based on expectations that its operating performance will improve.

Schroders/British Land fund fails to restructure debt
The Financial Times reports today that specialist retail warehouse fund Hercules Unit Trust has been unable to restructure its secuitised debt facility.

UniCredit picks favourite European auto bonds
UniCredit analysts pick their favourites in the European automotive sector.

Automotive supplier misses interest payment
Automotive supplier misses interest payment.

Investors are mispricing floating rate trups, says Barclays Capital
Barclays Capital says that floating rate trups are cheap compared to  fixed-rate hybrids from the same issuers.

UniCredit holds Vivendi marketweight recommendation
UniCredit maintains its marketweight recommendation for French media group Vivendi.

BNP Paribas holds sell recommendation on Finnish paper company
BNP Paribas maintains its sell recommendation on Finnish pulp and paper company UPM-Kymmene.

Avoid stressed debt and focus on single-B, says Barcap
Barcap’s 8 May research points to clues in how the impending loan maturity wall in 2012-2014 will be dealt with.

Homebuilder raises capital after debt amendment
Following amendments to its debt facilities last month, homebuilder Taylor Wimpey announced today that it will be raising capital by selling ordinary shares at a discount.

Station Casinos extends forebearance period
Station Casinos obtained an amendment to its forbearance agreement from some of its senior and subordinated noteholders.

Goldman Sachs recommends Euro bond basket
In recent research, Goldman Sachs credit strategists recommend buying a basket of European corporate bonds.

UniCredit recommends Commerzbank-IKB bond switch
UniCredit recommends switching from CMZB 2.75% bond maturing in January 2012 at cash 101.45 into IKB 2.875% maturing in January 2012 at cash 101.21.

Gaming sector deteriorates with another chapter 11
Herbst Gaming filed for chapter 11 bankruptcy in the US bankruptcy court of Nevada on 22 March.

Switch German government-guaranteed bonds, says UniCredit
UniCredit's relative value trade idea today recommends a switch in the German government-guaranteed bond market

Swtich government-guaranteed bank bonds with KFW, says UniCredit
UniCredit's relative value trading idea today posits switching from three-year German guaranteed bank bonds (Commerzbank, Bayern) into the government-owned development bank, KfW.

New issuance continues into February
The week of 2 February saw a flurry of new issuance totaling $16.4 billion.

UniCredit recommends Deutsche Telekom bond
In research, UniCredit recommends buying the Deutsche Telekom 8.125% 29/05/2012 bond at 197 basis points as a relative value trading idea.