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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Tunstall Healthcare, a UK maker of medical devices, allocated £353m-equivalent of leveraged loans on Monday, after investors oversubscribed the deal's euro tranche.
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French cable firm Numéricable launched its long awaited initial public offering on Monday, with bankers close to the deal expecting a strong investor response to the third deal from the European cable sector in just over 18 months. -
German-Swiss steel company Schmolz+Bickenbach has launched a change of control put offer to holders of its €258m high yield bond.
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Hastings Insurance Group has released price guidance for its £415m bond package.
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Yet another European payment-in-kind toggle bond has been announced. Befesa, the Spanish waste management and recycling group, wants to sell €150m of PIK toggle notes this week.
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The WorldPay Group allocated £150m-equivalent of loans on Friday, having opted to take the loan in dollars rather than sterling to achieve tighter pricing and looser terms.
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Attendance at this year’s ABS East confab in Miami Beach totaled more than 3,000, up from 2,700 last year, according to organizer Information Management Network.
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Hastings Insurance Group has launched a £415m senior secured high yield bond to part-finance the takeover of 50% of its business by Goldman Sachs’s Merchant Banking division.
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After a busy July and €7.6bn-equivalent of issuance in September, the high yield primary market has calmed down — building an environment of opportunity for the lowest rated issuers to push out deals.
