Latest news
Latest news
Pricing on triple-A notes may tighten by 21bp as manager avoids refinancing single-Bs
Deal comes only slightly outside mainstream CLOs
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
More articles
More articles
-
Maisons du Monde, the French furniture retailer, has launched its high yield bond to finance its buyout by Bain Capital. The senior secured deal had been expected, after the underwriters premarketed a transaction last week.
-
DNA, the Finnish telecommunications group several private equity firms were circling, has decided not to go ahead with a sale. The shareholders met on Monday and then chose to carry on with existing operations.
-
Near term maturities for speculative grade rated companies in Europe, Middle East and Africa are surging, according to a report by Moody's. The amount of debt issued by these companies that matures next year, has reached $101bn — a 20% increase from Moody's calculation of 2014 maturities a year ago.
-
Marlin Financial hopes to sell £150m of high yield bonds. The UK debt purchaser is the fifth of its kind aiming to access the market.
-
UniCredit subsidiary HypoVereinsbank is in the market with a securitization of small-to-medium enterprise loans from its Geldilux collateralized loan obligation program.
-
Findus, the fish and frozen food company, sold its £414m debut bond on Friday to refinance all its loans. The deal was the last in an active week for new issuance in the European high yield market.
-
Intermediate Capital Group priced its Lloyds Bank-arranged European collateralized loan obligation, the EUR400 million ($520.9 million) St Paul’s CLO II, on Monday morning.
-
Expro, the UK oil and gas well services provider, has raised $100m of additional 8.5% 2016 notes. The tap was priced at the tight end of guidance at 104.5 to yield 6.9897%.
-
Robert Lepone, BNP Paribas’s head of distressed and leveraged credit trading, Europe, has left the bank. The decision was by mutual agreement, a market source said. Lepone is not thought to be moving immediately to another role elsewhere.