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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High yield bond issuance related to acquisitions is running this year at its highest level since 2007.
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Crédit Agricole CIB has hired two bankers, to strengthen its position in leveraged loans and high yield bonds.
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European leveraged loan investors have long been more conservative than their US counterparts, insisting on stricter terms and wider pricing. But with European borrowers crossing the Atlantic to issue loans, lenders in Europe need to grow more flexible or lose out to US rivals.
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Dealogic league tables of total revenue transactions, October 24, 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.
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European collateralized loan obligation spreads are likely to begin gapping out, potentially dampening the pace of new issuance there, as investors demand spread levels on new deals that reflect recent widening seen in the US market, according to market participants.
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European collateralized loan obligation spreads are likely to begin gapping out, potentially dampening the pace of new issuance there, as investors demand spread levels on new deals reflect recent widening seen in the U.S. market, according to market participants.
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BlueBay Asset Management has launched a total return credit fund skewed to high yield bonds. The fund aims to return 5%-10% a year and also invests in loans, emerging market debt and convertible bonds.
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Exopack Holdings, the US-based packaging group, has increased the euro tranche of its new $675m-equivalent transatlantic loan package, to meet demand from European investors. -
Topaz Marine has released guidance for its $350m debut bond. Leads on the high yield deal will close European books at close of business on Thursday and US books later in the day.
