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
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Only 17% of high yield companies in Europe, the Middle East and Africa with first time ratings given since 2010 achieved their profit forecasts for the first year after rating initiation, Moody's has reported.
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Scandlines’ €875m loan package is expected to attract a wave of commitments from European investors hungry for new paper, after the deal was marketed at a bank meeting on Tuesday.
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Leveraged loan bankers are losing faith in the idea that a euro-only covenant-lite facility could be set to hit the market, according to a new poll from EuroWeek.
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Oberthur, the French smart card maker, allocated €467m-equivalent of loans on Wednesday, after overwhelming interest from European investors caused the euro tranche to be increased and its margin tightened.
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Nuance Group, a Swiss duty free travel retailer, is expected to issue a debut high yield bond as early as next week, after UniCredit released pre-deal research.
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Strong demand for crossover-rated Redes Energéticas Nacionais’s bond again underlined corporate high grade investors’ thirst for higher yielding paper. REN’s €400m deal attracted a strong book before trading up on the break.
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Xella, the German building materials maker, has released guidance for its payment-in-kind toggle notes. The €200m five year notes will be priced later today after talk emerged in the 9.25% cash pay area.
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German container shipping company Hapag-Lloyd safely shipped a €150m add-on to its 7.75% 2018 bond, which was first sold three weeks ago. The tap was priced in line with guidance and traded up on the break.
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Oberthur, the French smart card maker, allocated €467m-equivalent of loans on Wednesday, after overwhelming interest from European investors caused the euro tranche to be increased and its margin tightened.