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The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
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Agrokor, a Croatian retail, food and agriculture company, has abandoned its syndication of a three year term loan complaining of unfavourable terms.
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Every shade of corporate bond has been able to find a home with euro investors this week, despite investors’ mutterings about overly zealous spread tightening and continued scepticism about the long end.
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Sri Lanka has invited feedback from banks for a $1bn sovereign loan, with two bank groups said to be competing for the deal.
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Hong Kong's United Photovoltaics and Chinese issuers Reward Science and Technology Industry Group Co, Beijing Capital Group and Yuzhou Properties Company all launched new dollar transactions Wednesday amid a flurry of pre-holiday issuance.
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US CLO trading volumes last week topped the average level seen in 2016, as low supply of new issuance drove investors to the secondary market.
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European CLO investors are targeting mezzanine and junior tranches of US and European deals, as wide spreads further down the capital stack lag the aggressive tightening seen in senior paper.
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