Latest news
Latest news
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal is one of the tightest prints this year and is the second European CLO solely arranged by Mizuho
Debut manager is launching a CLO platform building on leveraged loan market experience
More articles
More articles
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The IPO of Merlin Entertainments, the UK theme park operator, raised £957m on Friday, pricing at a premium to its US peers and continuing to trade up through the day.
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Numéricable, the French cable firm, priced its IPO at the top of the range on Friday morning, raising €625m and taking advantage of US investors' continuing interest in the European cable sector.
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The European high yield market has been pushing to ever more bullish highs in 2013 – more issuance, tight pricing, higher leverage, more aggressive PIK structures, challenging countries like Serbia. But this week the market expanded in a completely new way – to a 15 year maturity, writes Stefanie Linhardt.
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Leveraged loan bankers and investors have expressed fear that an aggressive repricing of Ista International’s already tight debt margins may lead to an onslaught of opportunistic requests from Europe’s weaker credits, writes Olivier Holmey. -
Santander Asset Management Finance is issuing $1.192bn-equivalent of drawn debt to back its partial acquisition by Warburg Pincus and General Atlantic.
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Alcatel-Lucent has released price guidance for a $750m high yield bond, as part of the US-French telecoms equipment producer’s plans to transform its capital structure.
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Renault, the French carmaker, tapped a five year bond this week at the lowest yield it has ever achieved on a fixed rate bond, except in yen. The €300m of notes were priced to yield 2.942% on Tuesday.
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Leveraged loans bankers are divided as to how aggressive European investors should become, according to a EuroWeek Loans poll.
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Edcon, the South African fashion retailer owned by Bain Capital, has released guidance for its €400m 5.5 year high yield bond, expected to be rated Caa2/CCC.
