Metro PCS announces new bond
US mobile telecoms firm Metro PCS is planning to offer $500 million in senior notes maturing in 2018 as it seeks to pay off the initial tranche of its $1.4 billion notes due to mature in 2014

Chesapeake completes cash tender offer
Chesapeake Energy yesterday announced the completion of its cash tender offer

Recent amend-and-extend names return to bond market
Companies that recently were obligated to extend loan agreements during the recent shut-down of the high yield primary market have now started to issue notes again

Barcap suggests oil slick relative value trades
Barclays Capital some idea sof investors who believe the spread-widening in Anadarko, BP and Transocean is overdone

US firms raise money through issues despite primary slowdown
Primary market issuance remains very slow but yesterday saw some activity in the US

Morgan Stanley proposes financials duration switches
In its most recent credit strategy research report, Morgan Stanley argues that the credit risks for European financial institutions lie mainly in the short term

Rhodia receives €706 million in FRN tenders
Specialty chemicals firm Rhodia announced on Friday that it received €706 million in valid tenders of 2013 FRN

High yield firms achieve issuance and tenders despite market
Amidst yesterday’s wide-reaching market panic, some firms managed to make progress with new issuance and tender offers

Countrywide plans secured notes tap for acquisitions
In announcing its first quarter results today, Countrywide said it plans a £75 million tap of its 2018-dated 10% secured notes

Charter Communications plans $1.6 billion bond issue
Charter Communications said today that it will offer a total of $1.6 billion in senior notes. It will use the funds to make a tender offer for $1.57 billion of existing notes.

Bond issues and exchanges greet Europe's long weekend
Bond issues and exchanges reported over the weekend included Cemex and Nordenia

Several firms bring new bonds to market - with more planned
A number of new bond issues have priced or have talk emerging

Goldman favours BT step-up bond
Goldman Sachs adds BT Group’s 8.625% 2030 bonds to its list of “picks”

Chemical co pays high premium for convertible repurchase
Chemicals manufacturer Huntsman Corporation has said it will repurchase convertible notes

Citi goes online with Expedia crossover basis trade
In its latest High Yield Weekly research report, Citi says that crossover credits continue to offer attractive opportunities for basis trades despite the narrowing in the basis for many investment grade names

Basis turns positive for some European names
The basis between European corporate bond and credit derivative spreads has now tightened so far that there are quite a few credits that have a positive basis, Morgan Stanley points out

Triple-B and cyclical credits may underperform, says Goldman
In their latest research, Goldman Sachs credit strategists reported that lower-rated names and credits of cyclical sectors show a pattern of sensitivity to mutual fund flows, while bonds with concentrated ownership by mutual funds are not necessarily sensitive to flows.