Private Debt

  • UK PP agents to test US investors’ appetite for councils

    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.

  • Everton hires JP Morgan, MUFG for stadium

    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.

  • Asia grows its influence in European private debt

    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.

  • General Mills raises dough

    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.

  • Faber-Castell pencils in sustainability-linked SSD

    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.

  • More than a dozen UK councils eyeing US PP market

    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.

  • People moves in brief

    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

  • 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

private debt news archive