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Structured Bonds

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  • Dolphin Group, a Norwegian marine geophysical services firm, on Thursday sold a high yield bond earmarked for investments and refinancings, as the country's high yield market reached a new post-crisis issuance record.
  • ECM Asset Management, the London-based investment firm owned by Wells Fargo, has entered discussions with its partners to enable its multi-asset credit fund to buy leveraged loans.
  • UK residential landlord Grainger sold its debut high yield bond on Thursday, a £200m seven year deal that was priced with a 5% coupon at par, and traded strongly.
  • Sports betting company Snai is set to become the first of at least three Italian high yield issuers to sell bonds in the coming weeks.
  • JP Morgan Asset Management has opened the placing and offer of shares in its new senior secured loan fund, which it expects to raise at least £100m and invest only marginally in European credits.
  • Fresenius, the German healthcare company, has received sufficient commitments to achieve its €1.2bn loan issuance ahead of final commitments on Friday.