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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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Dealogic league tables of Asian transactions, dated September 19, 2013. Including Bonds, ECM, Syndicated Loans, Mergers & Acquisitions.
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Dealogic league tables of loans transactions, September 19, 2013.
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Campbell Europe, the continental division of the soup firm that is being taken over by CVC, has reverse flexed the pricing on its €190m term loan ‘B’, with bankers close to the deal saying that investors’ response to the pricing change had been a "blowout".
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Chesapeake’s £340m-equivalent leveraged buyout loans have now been closed after the deal was well oversubscribed in syndication.
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The syndicated loan market has recovered its confidence, with market participants attending the Loan Market Association’s conference on Thursday optimistic about opportunities in the market over the coming 12 months. Of those present at the annual conference, more than three quarters said that they believed that volumes in the EMEA syndicated loan market would rise by more than 10% in the next 12 months.
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Some bank investors in European collateralized loan obligations at the triple-A level have been ordered to hold off from buying any more new issuance until regulations on risk retention have been clarified.