Loans and High Yield
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JP Morgan Asset Management on Wednesday launched its Europe High Yield Short Duration Bond Fund for investors seeking protection against future interest rate hikes. -
Xella, the German building materials maker, held a bank meeting on Thursday morning in London for the first large buyout of the year so far, as it markets €1.3bn of loans backing its buyout by US private equity house Lone Star.
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UK cable and mobile operator Virgin Media on Wednesday plugged its refinancing bond offering into the sterling market on Wednesday, raising total potential sterling high yield bond sales to near £1.7bn so far this year.
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3i has hired ING’s co-head of technology, media and telecoms mergers and acquisitions in a raft of additions to its private equity practice around the world.
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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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Credit Suisse has named two bankers co-heads of global leveraged finance.
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Paper packaging maker Smurfit Kappa launched a drive by benchmark euro offering on Tuesday, as it looks to refinance existing securitisation facilities.
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VodafoneZiggo, the newly formed joint venture between Vodafone and Liberty Global-owned Ziggo, launched a €1.5bn-equivalent term loan package this week with a lender call at 4pm London time on Tuesday.
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Douglas, the German retailer, launched a refinancing of a €1.37bn seven year term loan ‘B’ on Tuesday, as the firm comes out of soft call protection from its last repricing in mid-2016.
