News content
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Abengoa Yield, the yieldco spun off by Abengoa, the troubled Spanish renewable energy company, has changed its name to Atlantica Yield, and appointed a new chief financial officer, in a bid to dissociate itself from its parent, which has three months left to avoid bankruptcy.
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Markit, the financial information services firm, has agreed to buy Loan/SERV technology assets from the Depository Trust & Clearing Corporation (DTCC) in a bid to expand its loan management services.
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B&B Hotels, France’s third largest budget hotels group, launched a covenant-lite senior term loan to early birds this week, backing its €800m buyout by PAI Partners from the Carlyle Group and Montefiore Investment.
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After placing big sterling and dollar deals in week one, FMS Wertmanagement (FMS-W) will hit euros for its next bond.
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Oman Telecommunications has mandated three banks to arrange investor meetings for a Reg S only dollar and/or Omani rial sukuk.
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The UK Debt Management Office (DMO) has appointed a former member of the Bank of England’s Monetary Policy Committee to carry out a review into finding a new provider for end-of-day reference prices for Gilts and bills.
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Webhelp, the French call centre operator, was one of three companies who held bank meetings on Tuesday for leveraged loans. The €640m of first lien debt finances Webhelp’s acquisition by KKR from Charterhouse Capital Partners.
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Canton of Schwyz printed a seven year note with a negative yield on Monday, with what was its first Swiss franc bond since 2011.
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Republic of Poland offered a healthy concession in the early pricing stages as it ventured into the markets with the first bond from CEEMEA in 2016 on Monday.
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Atalian Global, the French facilities management company, on Monday opened the first roadshow of 2016 for a high yield bond in Europe, as it announced the acquisition of US peer Temco Facility Services.
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BBVA, BFCM and BPCE met with strong investor demand for euro senior unsecured deals on Monday, as peripheral and longer dated debt proved no deterrent to buyers.
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Central and Eastern European loans look set to start the year with a bang as a financing of around €2bn for Czech’s Energetický a průmyslový Holding (EPH) should close by the end of this week or early next, according to two bankers on the deal.