Most traditional high-yield investors "won't touch" £500m worth of junk bonds set to be issued by Manchester United Plc because they are unrated and there are plenty of alternatives, an analyst says.
Manchester United is to raise £500m through a bond issue in a bid to pay off its debts.
Julian Chillingworth, chief investment officer at Rathbone Unit Trust Management, on a new era for bonds...
Manchester United is considering a £600m bond issue in an effort to curb its debts.
Corporate bonds remain popular with investors according to FundsNetwork, despite IMA figures showing net retail outflows for the sector of £11.8m in October.
David Roberts, joint head of fixed income at Aegon Asset Management, explains why he is still positive on bonds.
HSBC has linked exclusively with wrap platform Ascentric to offer an onshore investment bond, giving IFAs access to over 2,000 funds.
Cautious managed funds closed the gap on the top selling UK Corporate Bond sector on Fidelity FundsNetwork last month, seeing 11% of total inflows on the platform.
M&G's Richard Woolnough says corporate bonds remain cheap despite the recent rally, with investment grade bond spreads now at ‘typical' recession levels.