Top stories

  • Levloans eats high yield's lunch as floaters triumph

    Issuance in the European leveraged finance market has been one-sided since the shock result of the US election last month. A notable bond-to-loan trend has prevailed, with sponsor-driven single-B issuance making the loan market increasingly hot, while leaving the high yield market out in the cold. Max Bower reports.

    • 01 Dec 2016

  • French M&A to add to levloans

    Two further French M&A loan deals are lined up to join the leveraged loan market, with sponsors finding the post-US election leveraged loan market increasingly accommodating.

    • 02 Dec 2016
  • The LMA marks 20 year history and prepares for next test

    Now in its 20th year, the Loan Market Association (LMA) faces tough paths to climb such as navigating the UK’s exit from the European Union, but the organisation is confident that its English law documentation will still hold its own.

    • 01 Dec 2016
  • Bond to loan wave to shake HY in 2017, says Fitch

    Bankers and investors are still complaining about the lack of single-B rated issuers in the European high yield market this year, but 2017 will bring little relief, Fitch said on Wednesday.

    • 30 Nov 2016
  • HY opens December pricing euros and sterling after two week hiatus

    Catalent Pharma and Thomas Cook — a reverse Yankee issuer and a UK holidays operator — on Thursday released guidance for high yield deals amounting some €900m in a market that has been mute since November 15.

    • 02 Dec 2016
  • MRH tightens loan on busy commitments day

    Service station operator MRH tightened guidance on its £250m sterling term loan this week, with commitments on the deal due alongside several others on Thursday.

    • 01 Dec 2016
  • Thomas Cook increases sterling deal to £500m

    After almost two years away from the market, Thomas Cook opened a three day roadshow on Tuesday for a new euro deal, which will redeem its only sterling bond and portions of its 2020 euro notes.

    • 28 Nov 2016
  • Technicolor, Verisure reap rewards of loan bid

    French media technology firm Technicolor increased its euro term loan offering by €200m to €450m on Wednesday, as Verisure tightened and accelerated the pricing and commitments on its own deal.

    • 30 Nov 2016
  • Catalent Pharma pumps HY to fund M&A

    US drugs specialist Catalent Pharma on Tuesday began offering its debut euro bond to investors as it sought funding for its acquisition of peers Pharmatek and Accucaps.

    • 29 Nov 2016
  • Debt launched for buyout of Priory Group spin-off

    Elysium Healthcare, a portfolio of 22 UK mental healthcare facilities being divested by Acadia Group, held a lender meeting on Thursday for £240m of loans following its £320m buyout by BC Partners.

    • 29 Nov 2016
  • Morpho leads levloans primary charge

    Morpho leads the way for European leveraged loan issuance this week, the largest of five deals in the market and the largest euro leveraged buyout of the year by some distance.

    • 29 Nov 2016

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
15-Nov-16Perstorp Holding AB 30-Jun-212003-mth Euribor +762.5bp
15-Nov-16Perstorp Holding AB 30-Jun-212857.625
04-Nov-16Synlab Bondco plc01-Jul-229403-mth Euribor +350bp
03-Nov-16Autodis SA 01-May-222603-mth Euribor +437.5bp
03-Nov-16Autodis SA01-May-222604.375


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,729.47 35 9.65%
2 UniCredit 16,525.60 72 9.53%
3 HSBC 15,312.80 44 8.83%
4 Credit Suisse 10,076.32 23 5.81%
5 BNP Paribas 9,810.23 72 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 Deutsche Bank 7,800.70 49 10.73%
2 Citi 6,382.82 21 8.78%
3 Goldman Sachs 6,266.74 37 8.62%
4 Barclays 5,561.91 33 7.65%
5 JPMorgan 4,221.50 35 5.81%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,729.47 35 9.65%
2 UniCredit 16,525.60 72 9.53%
3 HSBC 15,312.80 44 8.83%
4 Credit Suisse 10,076.32 23 5.81%
5 BNP Paribas 9,810.23 72 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 Deutsche Bank 7,800.70 49 10.73%
2 Citi 6,382.82 21 8.78%
3 Goldman Sachs 6,266.74 37 8.62%
4 Barclays 5,561.91 33 7.65%
5 JPMorgan 4,221.50 35 5.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 25,397.35 202 10.56%
2 Bank of America Merrill Lynch 23,113.21 166 9.61%
3 Goldman Sachs 21,848.27 140 9.08%
4 Citi 20,314.82 150 8.45%
5 Barclays 20,050.35 130 8.34%