Latest news
Latest news
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Manager adds almost €100m across the CLO's capital structure
The triple-A rated notes' spread widened by 25bp compared to the original deal
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BMC Software, the US business software group, dropped the planned euro tranche to its $1.38bn-equivalent high yield bond and plans to price the dollars on Wednesday. Pricing on the euro tranche would have been too expensive, according to a banker close to the deal.
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The limited pool of buyers for the senior portions of European collateralised loan obligations is looking to push spreads on the triple-A bonds of upcoming deals wider, according to CLO officials on the frontline in London.
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The limited pool of buyers for the senior portions European collateralized loan obligations are looking to push spreads on the triple-A bonds off upcoming deals wider, according to CLO officials on the frontline in London.
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BMC Software, the US business software group, expects to release formal price guidance today for its high yield bond issue, to finance its $6.9bn acquisition by Bain Capital and Golden Gate Capital. The lead banks have set price whispers and the tranche sizes.
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Minimax Viking has revised the pricing and structure of its new transatlantic loans package to reflect investor interest in the deal.
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A Caa1/B- rated bond for Playa Resorts Holding, a highly leveraged Mexican and Caribbean hotel play that was being run off the lead banks’ US high yield desks, surprised LatAm DCM bankers and EM debt investors by pricing at a yield of 8% on Monday
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Haymarket Financial is due to price a new European collateralised loan obligation, the €393m Hayfin Ruby II SCA, later this week.
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Haymarket Financial is due to price a new European collateralized loan obligation, the EUR393 million ($521.37 million) Hayfin Ruby II SCA, later this week.
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The bond financing for BMC Software’s LBO looked set to provide the highlight of the week in the European high yield primary space as market participants finally began to leave their desks after a busy July.