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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Domestic & General, the UK insurance company, has set final terms on its three tranche £500m high yield bond. The floating rate tranche was increased by £25m at the last minute, while the unsecured fixed rate was cut by the same amount.
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Tullow Oil, the London-listed company that explores for oil in Africa, will start a roadshow for a $500m debut bond on Friday.
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Scandlines, the German-Danish ferry operator, is today receiving final commitments for its €875m refinancing loan package, which is already heavily oversubscribed.
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CQS Investment Management is set to price its €362.18m European collateralized loan obligation Grosvenor Place 2013-1 imminently, with Deutsche Bank on board as sole arranger and lead manager.
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CQS Investment Management is set to price its EUR362.18 million ($498.1 million) European collateralized loan obligation Grosvenor Place 2013-1 imminently, with Deutsche Bank onboard as sole arranger and lead manager.
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Lead managers are building a book for Domestic & General's £500m senior secured and unsecured high yield bond issue. Guidance is expected to be released later, but price whispers have emerged. -
RCS Mediagroup has shortened its roadshow and plans to price its high yield bonds this week. Initially, investor meetings were planned to finish on Tuesday next week.
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Rhiag is back with a different high yield bond. The Italian car parts distributor wants to sell €415m of senior secured fixed and floating rate notes to support its acquisition by Apax Partners.
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Noreco, or Norwegian Energy Co, has announced plans to restructure its bonds and raise new equity in a private placement. Holders of its Nkr3.1bn (€383m) of bonds would not lose out on face value under the plans, but would receive less interest and longer maturities.
