Excess Spread — Here comes trouble, don’t call, paying off Penelope

Celebrate International Women's Day with 9fin

Excess Spread — Crypto bonds, end of a Century

9fin | Excess Spread is our weekly newsletter, covering trends, deals and more in structured credit and ABF.

H2 25 US Leveraged Loans Covenant Trends Report

9fin's H2 2025 US Leveraged Loans Covenant Trends Report analyzes the full loan universe (144 deals) — giving teams defensible, structured visibility on where the market is clearing.

9Questions — Michael Graham, AXA IM Core at BNP Paribas Asset Management — Outlook for 2026

9fin | 9Questions is our Q&A series featuring key decision-makers in the corporate credit markets. This interview is with Michael Graham, AXA IM Core at BNP Paribas Asset Management.

IVC pulls debt extension

9fin | Jitters in the credit markets have seemingly claimed another victim. That’s after veterinary clinic group IVC Evidensia (B3/B-/B) decided to pull its 2031 A&E due to adverse market conditions, market sources told 9fin.

Insurance brokers in the firing line as AI fears spread

9fin | Hopes that the AI-driven selloff would stay contained to the software sector are fading, as multiple buyside sources pointed to the sudden weakness in bonds and loans from insurance brokerages this week over concerns that AI could provide a viable alternative to their services.