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◆ Schaeffler attracts €5.8bn peak book… ◆ …while SPIE finds €2.8bn of orders ◆ Strong demand allows for strong price moves
Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
Innovation and ambition have been hallmarks of mergers and acquisitions activity this year, but there are some signs of weakness in private equity
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  • Fidelity, the US asset manager, warned the European Securities and Markets Authority that Europe’s Market Abuse Regulation lacks clarity, and that even public side information on leveraged loans could potentially contain material non-public information.
  • NN Investment Partners has hired a head of alternative credit, who is set to start in mid-January.
  • HSBC has named two bankers as global co-heads of its debt capital markets team, replacing Jean-Marc Mercier. It is also planning to open two new desks.
  • A subsidiary of Indonesian conglomerate CT Corp is talking to banks for a $750m refinancing loan, according to bankers close to the situation.
  • The rally in the price of mezzanine CLO paper has run out of steam after a surprising run that saw spreads on the bonds tighten by 75bp-100bp since October, according to analysts at JP Morgan writing this week.
  • The rally in the price of mezzanine CLO paper has run out of steam after a surprising run that saw spreads on the bonds tighten by 75bp-100bp since October, according to analysts at JP Morgan writing this week.
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