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Structured Bonds

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  • Scandlines, the German-Danish ferry operator, received final commitments on Thursday for its €875m refinancing loan package, which was already heavily oversubscribed.
  • Hutton Collins, the European investment fund, is due to acquire the restaurant chain Byron Hamburgers in a £100m transaction.
  • The ABS market’s lobbyists have much to learn from their peers in the covered bond market.
  • High yield bond issuance related to acquisitions is running this year at its highest level since 2007.
  • Crédit Agricole CIB has hired two bankers, to strengthen its position in leveraged loans and high yield bonds.
  • European leveraged loan investors have long been more conservative than their US counterparts, insisting on stricter terms and wider pricing. But with European borrowers crossing the Atlantic to issue loans, lenders in Europe need to grow more flexible or lose out to US rivals.