Latest news
Latest news
UK regulations take shape, software slide tests CLO managers' mettle and how captive equity is distorting the market
Pricing on triple-A notes may tighten by 21bp as manager avoids refinancing single-Bs
Deal comes only slightly outside mainstream CLOs
More articles
More articles
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Dubai Duty Free (DDF) is hoping to reprice a $1.75bn six year loan it signed in July 2012. The borrower has watched the loans market and the margins on offer improve steadily, and will not be the only Middle East borrower wanting to push pricing tighter, said loans bankers.
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European high yield market participants are divided over the primary outlook for the next few weeks. While bullish bankers expect the market to get busy as early as next week, their bearish counterparts are already planning to quit the office. -
Matt Natcharian, managing director and head of the structured credit team at Babson Capital in Springfield, Mass., spoke to Managing Editor Graham Bippart about the state of the U.S. collateralized loan obligation market after recent volatility and his outlook for the second half of the year.
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Defying the volatility in the high yield market over the past month, Insight Investment has announced the launch of its short-dated high yield bond fund.
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Ares Management and Halcyon Asset Management each priced collateralized loan obligations late last week, bringing June’s issuance total to $7.69 billion.
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A buoyant high yield market and lenders' willingness to amend and extend loans has helped tackle near term maturities of unrated European LBO debt, according to a new study from Moody's. However, the report warns that some weaker and smaller companies might still struggle to refinance their maturities.
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German hydraulic clutch maker FTE Automotive is the first issuer hoping to break the chills in the European high yield market and issue the first bond of the second quarter. The company plans to use the proceeds to finance its takeover by Bain Capital.
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The European high yield market has experienced a first half like no other in 2013, with record issuance and super-tight coupons followed by volatility and a secondary market sell-off. But where will the market go from here?
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The European high yield market is not shut, bankers were confident this week, as the last few days brought some market stabilisation. Two banks plan to start premarketing bonds as early as Monday, after the Markit iTraxx Crossover tightened 56bp since the start of the week.
