Latest news
Latest news
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
How securitization can help high LTV mortgage lending, and why is the CLO market so busy
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
More articles
More articles
-
Italian gaming company Cogetech has released guidance and plans to sell its high yield debut on Friday. Bookrunners are guiding the €165m deal in the 10%-10.25% area.
-
S&B Industrial Minerals, the Greek mining group, sold its debut high yield bond on Tuesday. The deal finances one of the first leveraged buyouts in Greece since its sovereign debt crisis.
-
If there was to be a summer break, no one told the high yield market. Bankers found themselves heading into August with a boom to contend with this week. S&B Minerals priced a €275m deal, while Cabot completed a £100m issue and Cogetech prepared to price its €165m deal on Friday. Two European firms tapped the US high yield market — Alcatel-Lucent for $500m and Swissport for $390m. -
Securitization experts predict no let-up in this year’s resurgence of European collateralized loan obligations after the summer, but they reckon the market could become dominated by big players. The outlook is bleaker for smaller, thinly-capitalised managers who are struggling to get to grips with the European Banking Authority’s risk retention amendments, writes Hugh Leask.
-
Leveraged finance bankers will have little summer break this year now that BMC Software, the US enterprise software provider has launched its $4.5bn-equivalent covenant-lite loan package and $1.38bn high yield bond financing.
-
GSO Capital Partners is set to price its second euro CLO of the year, Herbert Park CLO, next week through Deutsche Bank.
-
Leveraged loan markets syndicated loans - news in brief, August 2, 2013
-
UK educational publisher TSL Education allocated its new £250m debt package on Wednesday (July 31), after deepening the discount to attract more investors.
-
The resurgence of European collateralized loan obligations this year is expected to continue following the summer break, but industry pros reckon the market could become dominated by the larger players, as smaller, thinly-capitalized managers struggle to get to grips with the European Banking Authority’s risk retention amendments.
