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
-
Cable and telecoms business Altice is braving the high-yield market with a €250m transaction. The announcement of the 10 year unsecured bond came on Wednesday, only a day before Unilabs postponed its bond because of market volatility (see separate story).
-
Alcentra has priced the seventh European collateralised loan obligation — the JP Morgan-arranged Jubilee 2013 X — of the year this week, with Alcentra understood to be taking down a vertical slice of the bonds in order to comply with the European Banking Authority’s proposed changes to the 5% risk retention rule.
-
Unilabs has postponed its high yield bond today, because of market volatility. The Geneva-based laboratory business had already made concessions on price and structure on the €510m of senior secured bonds and €175m PIK notes yesterday, but banks today decided to put the sale on hold.
-
Europe’s high yield market, which has enjoyed one of its longest unbroken runs of favourable market conditions since last September, has hit a nasty rough patch. After all the triumph over unprecedentedly low coupons and a record first half of issuance, the music has not quite stopped — but it has been turned right down. -
Alcentra has priced the seventh European collateralized loan obligation—the JPMorgan-arranged Jubilee 2013 X—this week, with Alcentra understood to be taking down a vertical slice of the bonds in order to comply with the European Banking Authority’s proposed changes to the 5% risk retention rule.
-
Unilabs has released guidance on its high yield bonds. The Geneva-based laboratory business has had to make concessions on price and structure to attract investors in the present volatile market environment.
-
Barry Callebaut, the newly speculative grade-rated Swiss chocolate company, has released guidance for its $600m 10 year bond. The notes are talked in the 5.5%-5.75% area, with books closing tomorrow.
-
European cable TV holding company Altice has launched a €1.045bn loan and high yield bond transaction to finance a series of changes in the company's structure.
-
European high yield bankers are putting the brakes on new deals, as secondary market volatility makes it hard to put a price on new issues.
