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Liquidity event at American manager comes at fraught time for industry
No one is sure when AI's threat will strike, or where
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
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MUFG has hired three managing directors to help boost its coverage of private equity sponsors, as well as direct lending.
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Japfa Comfeed Indonesia sold the country's first sustainability-linked bond this week, leveraging the market fervour for environmental, social and governance (ESG) investing to tighten pricing more than it would have for a conventional deal. Morgan Davis reports.
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High levels of CLO supply has started to put pressure on the top of the capital stack, with triple-A spreads softening after a three month rally. For some sources the unrelenting CLO volume, both new issue and repricings of existing deals, is the beginning of a period where plentiful supply makes investors more selective.
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Natixis has promoted two bankers to head its acquisition and strategic finance business, following the departure of Fabrice Croppi to become head of investment banking.
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IAG has launched a dual tranche euro bond — its first since the pandemic struck — following an extensive round of actions to shore up its balance sheet in the face of plunging airline passenger traffic.
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Last year’s market crash and then screaming rally might have been a rough ride for CLO managers and investors alike, but it has stimulated innovation and maturity in a market which, in Europe, still had some growing up to do.
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