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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HeidelbergCement sold a low yielding speculative grade bond today. The German repeat issuer issued €300m of seven year bonds with a yield of 3.375%.
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Hutton Collins, the European investment fund, is due to acquire the restaurant chain Byron Hamburgers in a £100m transaction.
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Private equity firm KKR is set to expand its presence in the European credit market by buying Avoca Capital, a credit investment manager based in Ireland, in the hope of picking up corporate clients left by banks less willing to lend. -
Topaz Marine, an offshore support vessel company based in Dubai, has launched $350m of five year senior high yield bonds.
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Central European Media Enterprises' CFO David Sach will leave the company on October 29 and Anthony Chhoy, its executive vice president for strategic planning and operations, is leaving on November 15.
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Source: Dealogic
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Arranging banks are reaching out to an unusual group of potential buyers of triple-A rated collateralized loan obligations in an attempt to rein in liability costs and keep the market on its feet.
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Bankers expect the coming week to get busier, as the long awaited high yield bond financing for Domestic & General was launched.
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KKR has emerged as the winner in the sale of Serbia BroadBand. The private equity firm announced the acquisition on Tuesday, which should mean another LBO financing in the high yield bond market.
