Structured Bonds - All Articles



  • Job done for Arqiva as £164m bond sells

    Arqiva, the UK broadcasting masts business, returned to the bond market on Wednesday for a bespoke £164m issue from its whole business securitization, which found ample demand, helped by a juicy new issue premium.

  • CMBS loan repayments down in Q4, says Moody’s

    European CMBS loans reached their lowest rate of repayment for two years in the fourth quarter of last year, driven by the high leverage and lower quality of the under properties, according to Moody’s.

  • GMAC gets auto ABS rolling with VW next in line

    GMAC Bank got a solid response from investors this week for the first auto ABS deal of the year. Meanwhile, Volkswagen is set to keep auto ABS supply distinctly German after it mandated for a new VCL transaction.

  • Time to put up or shut up when lending in Russia

    Having the last laugh is satisfying — just ask Russia’s Siberian Coal Energy Co (Suek). The firm is on the verge of signing a hugely successful facility after almost all corners of the emerging market loan universe said that the deal would struggle because of its five year tenor — Suek’s third loan of this length since October 2011. The time has come for lenders to accept how things are, rather than grumbling about how they think they should be.

  • International bonds league tables

    Dealogic league tables of bond transactions, last 12 months rolling. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

  • All Bonds league tables

    Dealogic league tables of bond transactions, last 12 months rolling. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

  • Restructuring for Theatre care homes enters final phase

    The servicer and senior noteholders in Theatre (Hospitals) No 1 and No 2 CMBS, which are backed by a portfolio of 35 care homes in the UK, have approved a final extension of the loan maturity date to April this year. Stakeholders will need to agree on a restructuring plan by then or the loan will be enforced.

  • European SF to increase in 2014, says S&P

    European structured finance issuance is likely to increase slightly this year as UK mortgage lending increases and tighter spreads make deals from peripheral Europe economical again, according to Standard & Poor’s. The increase in CMBS volumes in 2013, however, may prove short-lived.

  • Punch Taverns serves up restructuring plan for distressed WBS

    Punch Taverns, the largest pub and bar operator in the UK, has released the final restructuring plan for its two distressed whole business securitizations, Punch A and Punch B. Bondholders in both transactions will be asked to approve the plan in a vote in mid-February.

  • Chiswick Park sale will not trigger CMBS prepayment

    Blackstone’s sale of Chiswick Park, the west London business park that was the underlying asset in Europe’s first post-crisis CMBS, to the China Investment Corporation will not trigger a prepayment of the outstanding CMBS debt, according to analysts at Bank of America Merrill Lynch.

  • International bonds league tables

    Dealogic league tables of bond transactions, last 12 months rolling. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.

  • European SF to increase in 2014 but further CMBS growth doubtful, says S&P

    European structured finance issuance is likely to increase slightly this year as UK mortgage lending increases and tighter spreads make deals from peripheral Europe economical again, according to Standard & Poor’s. The increase in CMBS volumes in 2013, however, may prove short-lived.

  • All Revenue league tables

    Dealogic league tables of total revenue transactions, full year 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.

  • All Bonds league tables

    Dealogic league tables of bond transactions, full year 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.