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GC Asia
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Opioid maker Grünenthal readies high yield debut months after freeze-out
Grünenthal, the German pharmaceutical firm which specialises in painkillers, is looking to refinance its debt with an inaugural high yield bond, just two months after buyers reportedly shunned the company over ESG concerns around opioid manufacturing.
02.15 PM -
Post-results Scandie credit pipeline builds
A handful of borrowers are circling the Nordic markets with an eye to printing after the end of first quarter results. But the looming blackouts have not deterred every type of credit from tapping the market as a range of corporate, covered bond and financial issuers placed paper this week.
16 Apr 2021 -
PP heavyweight resigns at Santander
Santander’s head of private placements has resigned from the bank.
15 Apr 2021 -
PP investors weigh up governance as UK schools face crisis
Institutional investors are weighing up governance at elite UK private schools after a series of serious sexual assault allegations emerged from the sector. As certain private schools look for new deals to add to the £500m they have already raised, investors are focusing on how schools have handled the ensuing crisis.
15 Apr 2021 -
Surrey Univ follows King’s into US PPs
The University of Surrey has issued a US private placement, according to market sources, less than a month after King’s College, London returned to the market. Institutional investors are regaining confidence in the UK’s higher education sector, after a year in which revenues shrank and student intake became uncertain.
14 Apr 2021 -
Belgian Reit Montea sells green US private placements
Montea, the real estate investment trust in Belgium, has sold €235m of green US private placements. The deal is the latest in a succession green trades to hit the market.
14 Apr 2021 -
PIC appoints Macquarie to manage PP investments in US
UK specialist insurer Pension Insurance Corporation has appointed Macquarie to manage money on its behalf, focusing on private placements from US borrowers.
13 Apr 2021 -
UniCredit beats Landesbanks to top spot in Schuldschein market
UniCredit swept away the Landesbanks in the Schuldschein market last quarter to claim pole position so far this year, with an arranging market share of nearly 20%.
13 Apr 2021 -
Lufthansa raises money in quirky Schuldschein club deal
Lufthansa has issued a quirky Schuldschein this week, according to market sources, in that it was bought by the eight banks that arranged it, rather than being sold to investors.
13 Apr 2021 -
Deutsche Telekom dials down under
Deutsche Telekom dialled in to the Aussie dollar market after an almost two year absence this week, extending its curve to 2041.
09 Apr 2021 -
Hardware store Obi launches Schuldschein
Obi, the German DIY store, has launched a Schuldschen across three, five and seven years, according to market sources. The spread differential between three and five years is steeper-than-usual, to coax investors further along the maturity curve.
09 Apr 2021 -
Retailer TEDi launches Schuldschein
German retailer TEDi has launched a Schuldschein, in the first deal to hit the market since the Easter break.
07 Apr 2021 -
Danish Agro closes Schuldschein
The Danish cooperative farming company has sold €125m of Schuldschein, the largest placement in its three visits to the market.
01 Apr 2021 -
Alternative credit is here for the yield
Institutional private credit is emerging as a competitive substitute for bank lending in Europe, but companies need to remember that alternative lenders define what they are looking for more narrowly than banks.
31 Mar 2021 -
VP heads back to KKR’s credit biz
Vaibhav Piplapure, widely known as VP, has signed on for a second stint in KKR’s credit business, returning to the firm as a London-based managing director sourcing asset-based finance and speciality lending opportunities.
31 Mar 2021
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