Top section
Top section
Deal rules and slow primary market make ramping up deals difficult
◆ Supranationals and agencies prepare to achieve the previously unthinkable ◆ Leveraged loans versus private credit and their effect on CLOs ◆ A new dawn for dollar covered bonds and UK equity market structure
◆ Schaeffler attracts €5.8bn peak book… ◆ …while SPIE finds €2.8bn of orders ◆ Strong demand allows for strong price moves
More articles
More articles
More articles
-
HSBC loans banker Ashish Sharma has taken on additional responsibilities, co-leading Asia Pacific leveraged and acquisition finance with Rachel Watson. -
Klöckner Pentaplast (KP) has rounded off an extraordinary comeback against the backdrop of the pandemic, successfully refinancing its capital structure and taking out PIK notes that were quoted in the low 30s in April last year.
-
Lufthansa, last in the bond market just over two months ago, flew back in on Thursday with a dual tranche offering, gathering a €3bn book and raising €1.6bn of four and seven year funding.
-
CLO reset and refinancing activity has rocketed over the last month, and it is here to stay, given the amount of deals callable and the incentive for managers to cut liability costs. But despite the tighter spreads which can be locked in, the costs of executing a refi can hurt equity distributions in the short term.
-
HSBC's Henry to retire — European Commission borrows IR and funding officials from EIB — Paterson joins CQS
-
Ion Analytics has had a successful second outing in the leveraged loan market, placing its revamped deal tighter than talk and at a smaller discount. The result makes up for Ion suspending the original deal in November, in the face of US election fears and resistance over its terms.
Sub-sections
shared comment list
