Top Section/Ad
Top Section/Ad
Most recent
There is no crock of equity gold at the end of the rainbow
Partner has joined Clifford Chance from the newly merged rival magic circle law firm
MAG’s tightly priced bond adds credence to claims that Thames Water’s woes are isolated
More articles/Ad
More articles/Ad
More articles
-
Shuanghui International has signed its $4bn acquisition financing with eight banks, with a general launch scheduled for mid-September. But in the meantime, the lenders are speaking to at least two other Chinese banks to come onboard at the senior level.
-
German healthcare group Aenova is seeking consent from existing lenders to take over pharmaceutical firm Haupt Pharma. The acquisition forms part of plans to expand Aenova’s market share, as laid out by the company's private equity owner, BC Partners.
-
Continental's €750m issue yesterday has reopened Europe's high yield bond market, and other issuers, particularly fallen angels, are likely to sell bonds in the coming weeks. -
Mark Walsh, co-head of Emea leveraged finance and acquisition finance at Morgan Stanley, has left the bank and will join Credit Suisse in November.
-
The high yield market has found its first issuer after the summer. Continental, the German tyre maker, sold a €750m unsecured seven year bond on Monday. It launched the deal with a view to sell a minimum €500m bond.
-
Volkswagen underscored the strength of appetite for corporate credit by taking the bond market by complete surprise on Thursday when it issued the first hybrid deal from a carmaker since the credit crisis. Incredibly, VW got the €2bn two-tranche perpetual away in a single day’s offering — more smash and grab than drive-by. After attracting a €4.5bn torrent of orders the company was even able to increase and tighten the deal and still see it trade up, writes Stefanie Linhardt.
