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Structured Bonds

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  • Ewos Group has launched its long awaited LBO financing. The Norwegian supplier of feed and nutrition for farmed fish is looking to sell around €420m of high yield bonds in two tranches, alongside a pre-placed subordinated bond.
  • WorldPay has set the pricing guidance on £150m-equivalent of loans, but the UK payment processing company has yet to choose whether it would issue the debt in sterling or in dollars.
  • SBB is likely to issue high yield bonds, should the sale of the business result in a private equity takeover. Credit Suisse has pre-marketed staple financing to support a potential LBO of the Serbian telco but a trade buyer is also still in the bidding process.
  • Dealogic league tables of bond transactions, October 9, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.
  • Oberthur Technologies has got its deal away. The French smart card maker sold its €190m unsecured high yield bond at a tight level on Tuesday and the bonds traded up on Wednesday.
  • Britax, the UK children's car seat manufacturer, allocated its latest debt package on Tuesday, after a healthy oversubscription in the US allowed for a margin cut earlier this week.