Top stories

  • Securelink debuts in 'attractive' Nordic HY

    As more investors from across Europe turn their attention to the Nordic bond markets, some Nordic bankers believe they can convince more European borrowers to go north, like Belgium’s Securelink, which has listed its first bond on the Oslo Stock Exchange.

    • 01:15 PM

  • HIG Capital taps direct lender for Beinbauer stake

    HIG Capital has acquired a controlling stake in German manufacturing firm Beinbauer Group. The fund used financing from direct lender Beechbrook Capital, with both borrower and lender praising the flexibility of the evolving direct lending market.

    • 22 Jan 2018
  • Securelink, Titan emerge in cautious HY market

    Belgian cybersecurity firm Securelink and Greek cement group Titan International announced new high yield bonds totalling a combined €200m on Monday, as talk of potential spread widening grows in the European high yield bond market.

    • 22 Jan 2018
  • Alloheim launches €600m lev loan for Nordic buyout

    On Friday, the German private nursing care group Alloheim Senioren-Residenzen announced a new leveraged loan offering to fund its buyout by Nordic Capital. The deal is the third to be lined up to close in February, as hopes build of a surge of merger and acquisition driven borrowing.

    • 19 Jan 2018
  • Shift underway in LBO financing, as buyers clamour for bonds

    Leveraged loans have dominated leveraged buyout financing in recent months, but high yield bonds could be poised for a comeback, say European investors. Crown Holdings, the US can maker, added to early signs of optimism with its new €1.5bn cross-border bond offering this week, writes Victor Jimenez.

    • 18 Jan 2018
  • EG Group oils acquisition plans with jumbo syndication

    UK petrol station operator EG Group launched a jumbo leveraged loan facility on Thursday totalling €3.5bn-equivalent to finance its acquisition of Esso sites in Italy and Germany, with bank meetings due to wrap up by the end of this week.

    • 18 Jan 2018
  • Cineworld launches $6.6bn financing package for Regal takeover

    On Wednesday, Cineworld launched a $4bn term loan and £1.7bn rights issue to back its acquisition of Regal, the second biggest cinema operator in the US.

    • 17 Jan 2018
  • Carillion contagion contained but IG awaits true test

    Investment grade loan bankers are keeping an eye on the Carillion scandal this week, though so far they are confident that the company’s failure will not impact the UK loan market beyond the banks immediately caught up in the affair. Meanwhile, leveraged debt markets in Europe are off to a roaring start to the year.

    • 17 Jan 2018
  • High yield investors salute riskier deals, but remain picky

    High yield borrowers were roadshowing €3bn of mostly lower rated bonds this week. Although there is appetite for riskier paper, investors say, demand is expected to be selective.

    • 16 Jan 2018
  • Muoio readies exit from Jefferies levfin as Ramesh joins

    Tom Muoio, head of European leverage finance capital markets at Jefferies, who was appointed six years ago, will be leaving the bank, as former HSBC leveraged finance director Bala Ramesh joins the team.

    • 16 Jan 2018
  • High yield motor roars into life as Selecta leads five deals

    A stack of high yield bonds is set to hit the European market, as four issuers announced roadshows on Monday.

    • 15 Jan 2018
  • Altran adds to early signs of expected LBO big bang

    Market participants hoping for a surge of large leveraged buyout financings in 2018 have been rewarded already by the arrival of seveal deals. One of them is the funding to finance French engineering services firm Altran's purchase of its peer Aricent.

    • 12 Jan 2018
  • Euro lev loan bankers upbeat after bumper start to year

    With issuers already lining up €6bn of new deals in January, leveraged loan bankers are confident that the European market is set for another booming year in 2018.

    • 11 Jan 2018
  • Debt Explained introduces digital score for ‘more sober’ HY covenant scrutiny

    Market discussions over loose default protection covenants have grown louder, but not always wiser, said Debt Explained, the leveraged finance analysis firm, as it launched a covenant scoring product this week. But some investors remain sceptical of such services.

    • 11 Jan 2018
  • LBO loans and roses: Flamingo seeks €300m loan

    Private equity firm Sun European Partners is merging its portfolio business Flamingo with Afriflora, the world’s largest exporter of roses to Europe, and funding it with an all-leveraged loan deal.

    • 10 Jan 2018
  • Investors offered €5bn levloan pipeline in borrower’s market

    The list of European leveraged loan deals for January is rapidly growing, with multi-billion offerings in euros, sterling and dollars as borrowers seek low margins. But some buyers believe the market is becoming too hot, too fast.

    • 09 Jan 2018
  • Zoopla opens HY market with its first bond

    UK property website operator Zoopla announced the first deal of 2018 in the European high yield market this week, a sub-benchmark sized bond in sterling.

    • 11 Jan 2018

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
14-Dec-17Inter Media Communication Srl 31-Dec-223004.875%
07-Dec-17PVH Corp 15-Dec-276003.125%
07-Dec-17Gruppo Pro-Gest SpA 15-Dec-242503.25%
07-Dec-17NewCo GB SAS15-Dec-222008%
06-Dec-17Perstorp Holding AB 15-Sep-222503-mth Euribor +425bp


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,388.71 99 8.58%
2 BNP Paribas 22,584.97 136 6.38%
3 Deutsche Bank 18,200.29 101 5.14%
4 Goldman Sachs 18,063.20 75 5.10%
5 HSBC 16,143.35 101 4.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 553.99 4 8.96%
2 Credit Suisse 511.12 5 8.26%
3 BNP Paribas 472.73 3 7.64%
4 Barclays 413.98 4 6.69%
5 JPMorgan 409.23 3 6.62%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,388.71 99 8.58%
2 BNP Paribas 22,584.97 136 6.38%
3 Deutsche Bank 18,200.29 101 5.14%
4 Goldman Sachs 18,063.20 75 5.10%
5 HSBC 16,143.35 101 4.56%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 553.99 4 8.96%
2 Credit Suisse 511.12 5 8.26%
3 BNP Paribas 472.73 3 7.64%
4 Barclays 413.98 4 6.69%
5 JPMorgan 409.23 3 6.62%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,178.82 15 9.29%
2 Citi 2,107.81 16 8.99%
3 Morgan Stanley 2,006.20 12 8.55%
4 Bank of America Merrill Lynch 1,559.21 15 6.65%
5 Deutsche Bank 1,550.60 9 6.61%