GC Asia
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Schuldschein arrangers await first wave of international deals in 2020
Arrangers are confident that a wave of international issuers will enter the Schuldschein market soon, with German borrowers having having kick-started proceedings at the beginning of the new year.
21 Jan 2020 -
UK PP agents to test US investors’ appetite for councils
UK private placement advisers and agents are keen to speak to North American investors about their appetite for debt from UK local governments, seen by many as the next source of growth for PPs in Europe after the central government raised the rate at which it lends to them.
15 Jan 2020 -
Everton hires JP Morgan, MUFG for stadium
JP Morgan and MUFG have been appointed Everton FC’s financial advisers to arrange roughly £500m ($651m) of financing for the football club’s new stadium at Bramley-Moore Dock in Liverpool. One source close to the prospective deal told GlobalCapital “all options are on the table” regarding funding routes.
14 Jan 2020 -
CVC Credit offers acquisition, unitranche lending to Sabio
CVC Credit Partners has provided an acquisition facility and a unitranche loan to Sabio, a UK firm providing customer engagement tools to bluechip companies.
13 Jan 2020 -
Asia grows its influence in European private debt
Gradually over the past decade, Asian investors have become more and more important to European corporate private debt markets, to the point where they are now often indispensable. Asian borrowers have been slower to appear, but are now arriving. However, while these arrivals have largely benefited these markets, they have introduced a few complications.
13 Jan 2020 -
General Mills raises dough
US food group General Mills sold €200m of short dated notes on Wednesday, in its first sole-led deal since 2017.
10 Jan 2020 -
Faber-Castell pencils in sustainability-linked SSD
Faber-Castell, the German manufacturer of office supplies, was the second borrower to enter the Schuldschein market in 2020, offering five and seven year notes with a sustainability-linked ratchet on Wednesday.
08 Jan 2020 -
Reden Solar offers euro PP market a green deal
Reden Solar, a French company that constructs and manages photovoltaic power plants, has sold a green euro private placement (PP).
08 Jan 2020 -
Vetter first off the blocks in Schuldschein market
German pharmaceutical firm Vetter launched a Schuldschein on Tuesday, which is the first such offering in the market in 2020.
08 Jan 2020 -
Atlantica Yield opens US PP market with debut offering
Atlantica Yield, formerly the UK-based energy yieldco Abengoa Yield, has launched a debut US private placement, which is the first US PP offering in 2020 in Europe.
06 Jan 2020 -
Fourth university sells US PPs this year as York takes £160m
The University of York has raised £160m ($209m) to fund student accommodation via US private placements, becoming the fourth university to enter the market this year.
18 Dec 2019 -
More than a dozen UK councils eyeing US PP market
As many as 15 to 20 UK local authorities are considering come to the US private placement market in the first half of 2020, according to three investors, after the UK Treasury decided in October to raise the cost it charges councils to borrow from the central government.
18 Dec 2019 -
People moves in brief
NN Investment Partners appoints head of alternative credit — Bothamley and McNelis take up DCM reins at HSBC — RenCap picks private clients boss
18 Dec 2019 -
NNIP appoints new head of alternative credit
NN Investment Partners has hired a head of alternative credit, who is set to start in mid-January.
17 Dec 2019 -
US PP market flourishes in UK as investors eye councils
A rich variety of UK borrowers including a football club, two airports, the City and a clutch of FTSE 250 firms turned to US private placements in 2019. UK local authorities remained absent, but a surprise from the UK Treasury in October may be a game-changer
13 Dec 2019
