Loans and High Yield
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Liberty Global’s subsidiary UPC Broadband Holding BV on Wednesday priced a €1.1bn dual currency senior secured offer, which some high yield bankers saw as confirmation of a stable, busy pipeline.
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Azelis, the chemicals distribution business formed from the merger of Novorchem and Arnaud, is closing books on its €240m acquisition loan today. -
The AA’s traditional investors on Friday helped the UK car breakdown insurance company price £735m of class ‘B’ notes inside price guidance.
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Chinese department store operator Golden Eagle Retail is due to hit the market for a $400m three year bullet. Eight mandated lead arrangers and bookrunners are helming the deal.
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Ascendas Hospitality Trust has raised S$75m ($54m) from its debut bond offering.
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Syndication for a $200m five year loan for Tata Communications has finished. The loan, which was first supplied by Axis Bank, has drawn more six lenders.
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Steel and mining company ArcelorMittal on Monday priced two senior unsecured high yield bonds inside price guidance: a three year floater and a six year fixed rate bond.
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German car parts maker Schaeffler printed on March 27 €1.5bn of dual currency, senior secured high yield notes, capturing large savings.
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Dufry, the Swiss travel retail operator, is assessing which capital markets to use to finance its €3.6bn cash acquisition of World Duty Free, announced this morning.
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The high yield market's selectivity towards new issues, despite the bullish pressure of quantitative easing, was highlighted again on March 27 when Touax pulled its deal.
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AS Adventure, the Belgian branded outdoor and travel products retailer, is allocating its €245m acquisition loan this week, having kept pricing in line with initial guidance.
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Lloyds has added to its recent build-out of its loans team in London with a senior hire in loan sales and distribution.
