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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Cantor Fitzgerald’s Head of Collateralized Debt and Loan Obligation Trading Florian Bita has left the investment banking firm after only five months.
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CQS Investment Management priced its EUR361.55 million ($493.1 million) Grosvenor Place 2013-1 collateralized loan obligation—arranged by Deutsche Bank—on Thursday afternoon, the first European CLO to price in six weeks.
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The Automobile Association has priced its £350m PIK toggle bond in line with price talk. The UK roadside assistance group's six year notes were priced today (Thursday) with a 9.5% coupon at par and traded up on the break. -
Nuance Group, the Swiss duty free retailer, has released price guidance for its €200m high yield bond in the Euribor plus 500bp to 525bp area, with a reoffer price between 99.5 and par.
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Capsugel, the US maker of pill capsules, wants to price $415m of PIK toggle notes in a drive-by sale on Thursday.
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NH Hoteles has increased its debut high yield bond, thanks to good demand, and released price guidance, according to a banker close to the deal.
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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.
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Tullow Oil, the London-listed company that explores for oil in Africa, has released guidance in the 6.5% area for its $500m debut bond.
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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.
