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Structured Bonds

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  • Albéa Beauty hopes to be the next issuer to add a PIK toggle bond to its capital structure, after the flurry of payment-in-kind structures sold this autumn. However, the deal's timetable has slipped.
  • Apart from the high yield market’s unusual 15 year issue by Unitymedia, two other companies sold deals on Thursday: Serbia BroadBand and Marcolin.
  • Shuanghui International’s $4bn leveraged acquisition financing is gaining steam, with 18 banks committing around $750m collectively. This is set to increase even further, with more banks processing their documents.
  • Univeg, the Belgian fruit and vegetable distributor, hopes to sell a €265m debut bond on Friday.
  • CPA Global, the UK intellectual property service provider, has proposed guidance on pricing and original issue discount for its new $1bn-equivalent transatlantic loan package, after bank meetings in New York and London on November 6.
  • Dealogic league tables of total revenue transactions, November 7, 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.