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
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Serbia BroadBand, the Serbian-Slovenian telecoms business, has sold its €475m high yield bond to finance its takeover by KKR.
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Marcolin, the Italian eyewear maker, released guidance for its debut high yield bond this morning. The six year senior secured bonds were talked in the 8.5% to 8.75% area.
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CPA Global, the UK intellectual property service provider, has proposed guidance on pricing and original issue discount for its new $1bn-equivalent transatlantic loan package, after bank meetings in New York and London on November 6.
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Unitymedia, the German cable company owned by Liberty Global, has launched a 15 year bond, which a banker close to the deal claimed would be longest ever high yield deal in Europe.
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Avoca Capital has priced its Credit Suisse-arranged European collateralized loan obligation, Avoca Capital CLO X, with the triple-A printing at recent wides, reflecting the continuing challenge of finding investors at the senior level, market officials told SI.
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Serbia BroadBand, the telco bought by KKR, has released price talk in the 7.75% to 8% area for its €475m bond.
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Edcon, the South African fashion retailer, hopes to sell €400m of high yield bonds with expected Caa2/CCC ratings.
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Renault, the French carmaker, tapped a five year bond today at what a banker claimed was the lowest yield it had ever achieved. The €300m of notes were priced to yield 2.942%.
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Alcatel-Lucent has announced a $750m high yield bond. The seven year senior notes are part of the US-French telecoms equipment producer’s plans to transform its capital structure.