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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Loan Ranger is feeling a distinct sense of nostalgia — specifically nostalgia for those heady, pre-crisis days of 2007. For in the syndicated loan market, there’s an oh-so worrying feeling that we’ve been here before.
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FGA Capital, the car finance joint venture between Fiat and Crédit Agricole, will roadshow to European bond investors on Monday to Wednesday next week, after the joint venture agreement was extended.
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European high yield returns have reached 5.2% for the first nine months of this year, up from 4.1% to the end of August, according to Barclays' Pan European High Yield index (excluding financials). Meanwhile, there is a growing pipeline of potential deals.
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The merger of Portugal Telecom and Oi, Brazil’s largest telecoms company, is credit-positive for the Portuguese firm, according to bond market sources.
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Oberthur Technologies, the French smart card maker, has launched a €200m high yield bond issue as part of a loan-and-bond refinancing of its 2011 buyout debt. The bond is expected to be priced concurrently with €440m-equivalent of transatlantic covenant-lite loans next week.
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Jefferies has sold €400m of first and second lien four year high yield bonds for the takeover of a 33% stake in Greek state lottery and football betting operator OPAP. -
Smurfit Kappa has announced that it will call its €500m 7.25% 2017 bond. The Dublin-headquartered paper packaging producer can call the bond from November 15 this year.
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Douglas reprices - Skrill allocates - Card Factory's tight issue - Funds back Campbell Europe - Britax margin out
