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BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
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Norwegian aluminium producer Norsk Hydro has taken lenders by surprise by approaching the market for a $1.5bn refinancing facility priced around 5bp below where bankers expected.
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Infinis Energy, a UK renewable energy generator owned by private equity fund Terra Firma, is set to be valued at around £1bn in an IPO that follows a run of renewable energy fund listings in 2013.
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Merlin Entertainments will be listed on the London Stock Exchange in an IPO that will see at least of the 20% of the UK entertainment company launched to free float.
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HeidelbergCement sold a low yielding speculative grade bond today. The German repeat issuer issued €300m of seven year bonds with a yield of 3.375%.
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Spanish energy firm Gas Natural Fenosa is in talks with banks for a refinancing loan of around €2bn.
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Hutton Collins, the European investment fund, is due to acquire the restaurant chain Byron Hamburgers in a £100m transaction.