Latest news
Latest news
The triple-A rated notes' spread widened by 25bp compared to the original deal
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
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Chesapeake’s £340m-equivalent leveraged buyout loans have now been closed after the deal was well oversubscribed in syndication.
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Some bank investors in European collateralized loan obligations at the triple-A level have been ordered to hold off from buying any more new issuance until regulations on risk retention have been clarified.
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A structural shift, in which private funds and hedge funds moved to London, has prompted US law firm Willkie Farr & Gallagher to open a restructuring practice in London.
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After last week’s spate of European high yield bond issues, when some €2.9bn was priced, this week is a lot lighter. By Wednesday, Phones4u, Jerrold and Soho House were the only European issuers looking for bond funding.
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Phones4u, the UK mobile phone retailer, has priced its £205m PIK toggle bond, after a swift marketing process that began with a roadshow in London on Monday and Tuesday.
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Pricing on the €355m dividend recapitalisation deal for TV operator M7 Group has been reverse flexed, as issuers revel in a leveraged loan market awash with liquidity but deprived of new deals.
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This afternoon’s expected announcement on QE tapering from the Federal Open Market Committee has paralysed most corporate bond issuers. Will there be a whopping rally, a nasty sell-off or a non-event?
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The private equity owners of Crest Nicholson raised £109m through a block trade on Tuesday night, the first sell-down since the UK housebuilder's February IPO.
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Crest Nicholson's private equity owners launched a £112m block of shares in the UK housebuilder on Tuesday night, the first sell-down since the company's IPO in February. Meanwhile, the founder of Eurasia Drilling is also selling an $84m block in that company.