Latest news
Latest news
Manager adds almost €100m across the CLO's capital structure
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
More articles
More articles
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Skrill, the UK online payment company, is set to issue €305m of loans to back its leveraged buyout by private equity firm CVC Capital Partners. -
High yield bonds are European fixed income investors' most favoured asset class for the third quarter in a row, according to Fitch.
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Avoca Capital is back in the European collateralized loan obligation market with a Credit Suisse-arranged deal sized at around EUR300 million ($400.2 million).
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Lloyds Bank has hired Eric Jenkins in its leveraged finance team in London, as it looks to strengthen its high yield bond capabilities amid steady growth in the sector in Europe.
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Aviva Investors has hired Sunita Kara as portfolio manager for its European high yield investments.
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Finnair, the Finnish state-controlled airline, will roadshow next week for a possible bond issue of about €100m-€150m.
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Senior secured floating rate notes, largely in place of loans, have been the high yield bond market’s favourite gimmick in the first half of 2013.
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There must be plenty of films to which bankers would like their deals to be compared. A League of Their Own, perhaps, or Chariots of Fire. But over the last few weeks a very different narrative has been playing out in the leveraged loan market. Two entities, produced just a few days apart, have faced vastly differing fates. We are of course in the territory of the 1988 classic, Twins.
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Two leveraged deals from Minimax Viking and Tip Trailer, both launched late last month, have performed very differently.
