Latest news
Latest news
Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
More articles
More articles
-
Alcatel-Lucent, the French telecoms manufacturer, is set to raise up to $2.7bn through a range of capital markets deals as part of its turnaround plan.
-
Tullow Oil, the UK company that explores for oil in Africa, made its bond debut on Friday and increased the deal by $150m, pricing it at the tight end of guidance.
-
The Loan Syndications and Trading Association proposed to regulators that collateralized loan obligations holding high quality loans be exempt from risk retention rules, pointing to a similar exemption—the qualified residential mortgage rule—already granted to the residential mortgage-backed securities market.
-
The only certainty about Brazilian oil and gas company OGX’s bankruptcy is hefty losses for $3.6bn of bondholders, said investors and analysts as the company sought protection from creditors after negotiations to restructure its debt failed. Oliver West reports. -
Exopack Holdings, the US-based packaging group, allocated its new $675m-equivalent transatlantic loan package last Friday, after having increased the deal’s euro tranche earlier that week.
-
Tank & Rast, the German motorway services operator owned by Terra Firma, has settled on a debt structure for the highly anticipated refinancing of about €2bn of its outstanding debt.
-
Prospective lenders recommitted to Scandlines’ €875m refinancing package on Wednesday, after the German-Danish ferry operator changed the terms and pricing of the debt in its favour late last week.
-
Dr Martens club deal - Host Europe's German growth - Nocibé launches LBO loans - Stahl to issue debt
-
CQS Investment Management priced the first European CLO in six weeks on Thursday afternoon, its €361.55m Grosvenor Place 2013-1 deal which was arranged by Deutsche Bank.
