GC Search

Search results for

Tip: Use operators exact match "", AND, OR to customise your search. You can use them separately or you can combine them to find specific content.

There are 371,645 results that match your search.371,645 results

Sort by

Private debt

Blackstone's GSO raises huge European direct lending fund

GSO Capital Partners, the credit unit of private equity firm Blackstone, has raised roughly $4.5bn for its second European direct lending fund, according to an SEC filing. But as the coronavirus pandemic wrecks corporate balance sheets, several sources are concerned with how European companies will fare.

Silas Brown, March 24, 2020
SSA

Investors demand crazy rich NIPs as SSA market reopens

The primary public sector bond market came back to life on Tuesday as a pair of sovereigns and the European Investment Bank sold deals alongside German states. But it was far from a case of picking up where they left off as borrowers were made to pay new issue premiums of up to 20bp versus the secondary market levels on screens.

Burhan Khadbai, March 24, 2020
GC View

Leveraged companies need help too

Extraordinary support measures from central banks across the world include an element of corporate lending, but all the schemes announced so far target SMEs, and companies rated BBB- and above. That leaves a gaping hole in the rescue net, which the authorities must fill.

Owen Sanderson, March 24, 2020
Equity

Germany lines up €100bn equity ‘bazooka’ to fight Covid-19

Germany has said it will take the unprecedented step of buying equity stakes in German businesses to protect its economy against the damage caused by the spread of the coronavirus.

Sam Kerr, March 24, 2020
Corporate Bonds

World looks to German crisis response ideas

The UK government’s offer on Friday to pay 80% of the wages of furloughed workers came in the nick of time to save thousands of jobs in manufacturing and services. But few of those affected realised they were benefiting from a German idea. The move highlights how the coronavirus crisis is causing a rapid dissemination of techniques around the world.

Jon Hay, March 24, 2020
High grade and crossover bonds

Diageo leaps in for a triple tipple

Diageo, the UK distiller and brewer, poured a triple tranche trade into Tuesday's busy primary corporate bond market, as syndicate bankers said the high grade companies on screen were the some of the best names to raise spirits.

Mike Turner, March 24, 2020
SRI

World Bank pandemic bond still weeks away from trigger

The pandemic bond issued by the World Bank still has one more hurdle to clear before triggering and releasing funds for use by countries struggling with the coronavirus. But it will still take a couple of weeks at least to reach that point.

Jasper Cox, March 24, 2020
SSA

SSA secondary pricing update: Land NRW bucks trend and performs

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, March 23. The source for secondary trading levels is ICE Data Services.

Burhan Khadbai, March 24, 2020
Covered Bonds

BPCE draws granular covered bond book

BPCE took advantage of the improvement in credit sentiment to issue a €1bn five year covered bond on Tuesday. The deal attracted a granular order book and was priced close to where it would have been expected to come in light of recent Canadian deals — 20bp above theoretical fair value.

Bill Thornhill, March 24, 2020
Equity-Linked

NMC's convertible bonds become worthless

NMC Health’s $360m convertible bonds are trading at mere cents on the dollar, suggesting virtually no recovery value after the scandal-hit UAE hospitals group said on Tuesday it had discovered even more undisclosed debt.

Aidan Gregory, March 24, 2020
Investment Grade Loans

Dunelm fully draws down RCF as UK shuts down

Dunelm, the UK homewares company, has drawn down entirely its £165m revolving credit facility, as it became the latest European firm to lean on its banking group amid the sharp economic downturn from the Covid-19 pandemic.

Mike Turner, March 24, 2020
Senior Debt

BoA breaks euro silence with expensive senior deal

Bank of America has become the first financial institution to launch a new deal in the European credit market for over a month. The US lender paid a huge premium for its €1.5bn senior bond on Tuesday, but it was able to move past its initial price thoughts on the back of a solid set of orders from investors.

David Freitas, March 24, 2020

...

3046

3047

3048

3049

3050

...

30970