Top stories


  • Permira ducks out of Cortefiel as remaining owners refi debt

    Permira is selling its 33% Cortefiel stake to the other two owners of the Spanish retailer, CVC and PAI Partners. The deal includes a debt restructuring and ends rumours of a stock sale.

    • 24 Jul 2017
  • Allfunds to issue €575m of senior notes to fund its acquisition

    Allfunds Bank has mandated banks to arrange the sale of a seven year non-call three senior secured bond following the firm's sale to Hellman & Friedman and GIC.

    • 24 Jul 2017
  • Diamond on display as HY eyes summer recess

    Just one borrower occupied European high yield bond pipeline at the start of this week giving the impression the market is about to slow for summer. Bain Capital’s hygiene product supplier Diamond, is out on a roadshow.

    • 24 Jul 2017
  • Thom Europe cuts leverage following lukewarm reception

    French jewellery retailer Thom Europe has widened pricing on its bond-to-loan refinancing by 75bp to 450bp, reducing the offering by €60m to €610m in the process.

    • 21 Jul 2017
  • Mergermarket, Sky Bet push leverage

    Of the near 20 borrowers in the leveraged loan market six are due to close this week, including business information provider Mergermarket’s £450m of sterling and dollar loans.

    • 20 Jul 2017
  • Tereos fail warns HY hybrids better wait

    European high yield market participants took caution from Tereos’ decision to postpone a perpetual hybrid bond issue on Tuesday, suggesting that the structure still confuses investors.

    • 20 Jul 2017
  • Fewer fallen angels as high yield universe shrinks to squeeze pricing

    Fallen angels — corporate borrowers that lose their investment grade ratings — have become a key source of supply in global high yield bonds markets over the years. But there are signs that, particularly in Europe, such supply is ebbing away as corporate balance sheets improve. This is driving HY investors elsewhere to seek new credits.

    • 20 Jul 2017
  • Diversey enjoys US reception as leverage levels spike across market

    US cleaning products maker Diversey has accelerated commitments on its €1.6bn-equivalent of loans, backing Bain Capital’s $3.2bn carve-out of the business from Sealed Air, despite one investor in London expressing concern over the deal’s leverage.

    • 20 Jul 2017
  • GoDaddy sells €400m PlusServer to BC Partners

    BC Partners has agreed to buy German cloud technology firm PlusServer from US internet group GoDaddy, mandating Société Générale with an all senior loan package due in early September.

    • 19 Jul 2017
  • Holland & Barrett launches £900m of buyout loans

    UK health retailer Holland & Barrett has launched £900m-equivalent of loans backing its £1.77bn buyout by L1 Retail, the consumer focused arm of holding company LetterOne, founded by Russian billionaire Mikhail Fridman.

    • 19 Jul 2017

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
20-Jul-17IPD 3 BV17-Jul-24175E +450
20-Jul-17IPD 3 BV17-Jul-243254.5%
13-Jul-17Maxeda DIY Holding BV 15-Jul-224756.125%
13-Jul-17NMG Finco plc01-Aug-22$2505.75%
13-Jul-17NMG Finco plc 01-Aug-22£3705%


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 BNP Paribas 11,353.22 62 6.48%
2 Goldman Sachs 10,847.70 40 6.19%
3 JPMorgan 9,883.17 41 5.64%
4 Deutsche Bank 8,939.52 52 5.10%
5 Credit Agricole CIB 8,436.06 46 4.81%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 5,095.99 40 8.35%
2 Goldman Sachs 4,273.93 33 7.01%
3 Deutsche Bank 4,159.17 38 6.82%
4 Credit Suisse 3,915.70 42 6.42%
5 Barclays 3,740.83 31 6.13%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 BNP Paribas 11,353.22 62 6.48%
2 Goldman Sachs 10,847.70 40 6.19%
3 JPMorgan 9,883.17 41 5.64%
4 Deutsche Bank 8,939.52 52 5.10%
5 Credit Agricole CIB 8,436.06 46 4.81%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 5,095.99 40 8.35%
2 Goldman Sachs 4,273.93 33 7.01%
3 Deutsche Bank 4,159.17 38 6.82%
4 Credit Suisse 3,915.70 42 6.42%
5 Barclays 3,740.83 31 6.13%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,011.32 165 11.16%
2 Citi 17,958.06 133 9.10%
3 Bank of America Merrill Lynch 15,724.51 136 7.97%
4 Barclays 13,657.72 88 6.92%
5 Goldman Sachs 13,596.26 99 6.89%