Latest news
Latest news
An interview with Propel and the BBB, a busy Q1 for ABS, more arb headaches for CLO managers
Resets for 2021 and 2024 deals are less attractive to managers due to wider liability pricing
Spreads for the triple-A rated notes were similar to the manager's previous deal
More articles
More articles
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CMA CGM, the French container shipping group, is roadshowing in London on Thursday and Friday for a €300m high yield bond issue.
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Blackstone’s credit arm, GSO Capital Partners, has sold the largest euro CLO of the year, bringing year to date European issuance in 2013 close to €7bn. The first quarter of 2014 could be even busier, with at least eight managers said to be ramping up warehouses.
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Abengoa, the Spanish engineering and renewable power group, has announced a dollar bond issue, after raising €550m in the euro market this year.
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Alcatel-Lucent USA, the French-US telecoms equipment maker, is holding a global investor call at 3.30 London time this afternoon, with a view to launching and pricing a $650m 3.5 year bond later today.
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SGL Carbon, the German maker of carbon products, has released price guidance of 4.875% for its €250m high yield bond, and is expected to price its bond by about 4pm London time. The book is well oversubscribed, a banker said.
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Lead managers of the $1.685bn high yield bond issue for Altice, the telecoms investment group, have released price guidance for the three tranche deal, which finance two acquisitions in the Dominican Republic.
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Darling International will hold a bank meeting with potential investors in New York today, to market its new $1.2bn transatlantic loan package to finance its acquisition of Vion Ingredients.
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French perfumery chain Nocibé allocated on Tuesday a €475m term loan ‘C’, backing in part its acquisition by Douglas Holdings.
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Price whispers have emerged for the €250m high yield bond for SGL Carbon, the German maker of carbon-based products.