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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The search for precedents to help manage expectations of OGX’s bankruptcy has been about as successful as the Brazilian oil and gas company’s search for productive oil fields, according to EM bond investors. -
The Loan Syndications and Trading Association is proposing regulators exempt from risk retention rules collateralized loan obligations comprising pools of loans that meet a high standard of quality, similar to the qualified residential mortgage rule adopted for the residential mortgage-backed securities market, according to two people familiar with the matter.
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Abengoa, the Spanish construction and industrial conglomerate, sold a €50m tap of its 2018 bonds on Wednesday.
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Abengoa, the Spanish-listed renewables engineering firm, sold a €50m add-on to its 2018 notes on Wednesday. See www.EuroWeek.com/levfin later today for details.
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Fresenius, the German healthcare company, started marketing a new €1.2bn loan package on Tuesday to back its acquisition of 43 hospitals from Rhön-Klinikum.
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Bankers working on the PIK toggle bond issue for the Automobile Association plan to release guidance today and price the £350m six year deal as early as this evening or tomorrow.
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UK theme park operator Merlin Entertainments began bookbuilding on its £1bn IPO on Wednesday.
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Double-B rated high yield bonds issued in Europe and the US in the last year could be the place to be for investors, according to Fraser Lundie, co-head and senior portfolio manager at Hermes Credit.
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Moody’s expects fewer companies to become ‘fallen angels’ in 2013 and 2014 than last year, as financial markets improved in the first nine months of 2013 and global economic prospects have begun to pick up.
