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Structured Bonds

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  • Five years ago this week, Lehman Brothers fell. The hubris of an investment banking industry that saw itself as master of the universe met a tragic reckoning.
  • Three private equity-owned companies this week announced plans to tap into the leveraged loans market after their auction plans were aborted earlier in the summer.
  • Lenders back Numéricable – Alloheim sets details – CliniSys club deal – Skrill meeting – AHT early bird
  • Polish television company TVN completed the refinancing of its 2017 bonds on Wednesday afternoon, pricing a €300m seven year non-call three deal at 11%.
  • Bank lenders have been more wary about committing to amend and extend transactions in France and the Netherlands over the past 12 months, according to a new study published by Standard & Poor’s, causing LBO default rates to rise sharply in the regions.
  • FIG
    Lloyds is beefing up its bond syndicate team by hiring a new head of financials and corporates, after recently appointing former high yield banker Andrew Ryan as overall head of syndicate in May.