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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Hong Kong’s Citychamp Watch & Jewellery Group has launched a debut offshore borrowing with a $150m three year facility.
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The UK’s McKay Securities has signed a £180m revolving credit facility, with the office and industrial REIT switching its bilateral loans for a bigger syndicated deal.
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An equity-linked banker at HSBC in London has moved to a new role within the bank.
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SG hires UK global markets head — Former financials bankers look to create bond platform — Credit Suisse hires for securitization sales
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A number of important bankers have quit Barclays. The exodus follows the departure of Tim Throsby, chief executive of Barclays International and Barclays Bank, and staff receiving their annual bonuses.
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The acquisition debt for Ifco, the spinout plastic boxing business of Australian logistics firm Brambles, will come inside the 400bp barrier some market participants see as crucial to bringing in CLO demand.