Latest news
Latest news
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
More articles
More articles
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With investors demanding more paper and net inflows building strongly, high yield bankers expect a bumper couple of months for the market, with deals from a wide range of sectors and jurisdictions using a host of different structures likely to be snapped up. European high yield’s 2013 year to date issuance of €68bn equivalent has eclipsed 2012’s full year record of €58.6bn and more deals are on their way. -
Medical Properties Trust, a US self-advised real estate investment trust, wants to sell a €200m seven year high yield bond.
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Dell, the US computer maker, expects to receive final commitments to its $6.175bn-equivalent covenant-lite loans on Monday. The debt, which includes a chunky euro tranche, will back the company’s buy-out by founder and CEO Michael Dell and private equity firm Silver Lake Partners.
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French cement maker Lafarge attracted a €4.6bn book from 460 accounts for its €750m bond sold on Friday. The investment grade-style deal for the Ba1/BB+ rated company came with a 4.75% coupon to yield 4.828%.
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Abengoa, the Spanish construction and industrial conglomerate, has announced a two day roadshow to market a tap of its 8.875% 2018 senior notes, rated B2/B.
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Jerrold, the UK specialised mortgage lender, brought a new sector to the European high yield market with its debut bond on Friday — a week that saw some €2bn equivalent of high yield bonds sold.
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Seadrill, the Norwegian offshore drilling contractor, sold a $500m unsecured 2020 bond on Friday. The notes, led by Deutsche Bank, came with a 6.125% coupon.
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Hapag-Lloyd, the German container shipping company, raised €250m in an unsecured bond issue on Friday — €50m more than initially planned — on a strong book.
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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.
