Latest news
Latest news
Rating upgrades to CLO tranches by Moody's and Fitch could let managers increase leverage in deals
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
More articles
More articles
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UK sandwich shop chain Pret a Manger is set to issue a new £375m loan to refinance debt and pay a dividend to its owner Bridgepoint.
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HSBC has hired Omar Faruqui to run its UK financial sponsors business, as part of a continuing expansion of its global banking business.
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The steady flow of activity in European collateralized loan obligations during the first of 2013 is likely to ease as mid-year approaches, both as part of a wider market slowdown following last week’s Global ABS conference in Brussels and the sustained uncertainty around risk retention.
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CLO specialists are already thinking of ways they can comply with the European Banking Association’s new risk retention rules, after being thrown an unlikely lifeline by Sharon Bowles, MEP.
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Bain Capital is seeking to sell a high yield bond for its planned takeover of Maisons du Monde. The US private equity firm has entered into exclusive negotiations to buy the French furniture retailer for close to €650m.
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InterXion has timed its high yield bond nicely. The seven year deal for the Dutch data centre provider was priced just before the Federal Open Market Committee meeting — in case the market did not like the outcome, according to a banker close to the deal.
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European high yield suffered another “terrible market” on Thursday, after Federal Reserve chairman Ben Bernanke did not retreat on Wednesday from his previous position on tapering US quantitative easing.
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Intralot released price guidance for its €300m high yield debut on Thursday. The Greek provider of gaming and transaction processing systems wants to sell its five year senior notes in the 9.25%-9.5% area on Friday.
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Intralot released guidance for its €300m high yield debut on Thursday.