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Whole business securitization called 'a coup' but doesn't reach $700m target
Fluvius, Kojamo and Affinity Water hold investor calls
Sandwich chain joins host of ABS issuers
There is no crock of equity gold at the end of the rainbow
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Skrill, the UK online payment company, will wait until the end of the summer break before launching a €305m loan package that backs its leveraged buyout by private equity firm CVC.
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Bondholders of Brazilian oil and gas producer OGX could face a distressed debt exchange or similar restructuring as the company’s liquidity pressures reach critical levels, said Standard & Poor’s.
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Exchange-traded high yield funds are exerting increasing influence on the US high yield bond market, said Fitch Ratings, while dealer banks are holding fewer inventories of corporate bonds. The trend could come to Europe but ETFs still make up a smaller part of the market.
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German property company Gagfah is considering using a CMBS to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.
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Dealogic league tables of bond transactions, August 14, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.
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BMI Healthcare finalised an amendment and extension of its debt on Monday as it repaid £60m and pushed out maturities.