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US issuers and insurance companies could benefit as Moody’s relaxes parts of its approach
Investors attracted by relative value versus loans but are not blind to risk
Floridian manager registered the vehicle in Ireland with article 8 SFDR classification
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Rexel priced a Eu575m bond last Friday (December 11), allowing the private equity owned electrical equipment supplier to complete a refinancing of its senior bank facility. Funding of a Eu1.7bn multi-currency revolver, mandated last Sunday, was dependent on the successful issue of a bond.
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Expro, the UK drilling company, priced a $1.4bn senior secured bond on Monday night to repay a $2.4bn leveraged loan signed last year.
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