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
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London-based Mint Partners is looking to put together a novel CLO-type transaction backed by loans made to UK property developers for prime residential developments in London.
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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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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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The Automobile Association has joined a record 12 other issuers in selling a PIK toggle bond in Europe this year. This week's £350m transaction was the largest PIK toggle in sterling this year. -
Capsugel increased its PIK toggle drive-by bond by $50m and priced it at the tight end of guidance on Thursday. The US maker of pill capsules raised $465m of payment-in-kind notes.
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Nuance Group, the Swiss duty free retailer, released price guidance for its €200m debut high yield bond on Thursday and plans to sell the deal on November 1.
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Tullow Oil, the London-listed company that explores for oil in Africa, has tightened price guidance for its $500m debut bond.
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NH Hoteles sold its debut bond on Thursday. It was increased to €250m, had a strong book, priced tight and traded up — all typical of European high yield issues in a bullish October.
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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.
