Latest news
Latest news
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal is one of the tightest prints this year and is the second European CLO solely arranged by Mizuho
Debut manager is launching a CLO platform building on leveraged loan market experience
More articles
More articles
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Polish television company TVN completed the refinancing of its 2017 bonds on Wednesday afternoon, pricing a €300m seven year non-call three deal at 11%.
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Bank lenders have been more wary about committing to amend and extend transactions in France and the Netherlands over the past 12 months, according to a new study published by Standard & Poor’s, causing LBO default rates to rise sharply in the regions.
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Lloyds is beefing up its bond syndicate team by hiring a new head of financials and corporates, after recently appointing former high yield banker Andrew Ryan as overall head of syndicate in May.
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Fiat joined the spate of deals this week by Europe’s high yield-rated carmakers with a €400m tap of the €850m bond it had issued exactly two months earlier.
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Continental surprised many in Europe’s corporate bond market this week by issuing again, only a week after a €750m deal that had traded badly in the secondary market. -
Renault, the French carmaker, sold a €600m five year bond on Wednesday that in many ways echoed the €600m 5.3 year issue launched by its rival Peugeot-Citroën on Tuesday.
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Peugeot, the French car maker, returned to the euro bond market on Tuesday after a six month absence and priced a successful issue, raising the €600m it wanted at a substantially tighter yield than its last issue.
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Study Group UK, the company that provides courses for overseas students preparing to study at UK and Australian universities, succeeded in pricing its £205m debut bond today at the tight end of guidance, as had been expected yesterday.
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Private equity firm KKR is to clean up its stake in Danish telecoms firm TDC on Thursday night, through a Dkr4.2bn ($750m) block trade run by JP Morgan.
