Latest news
Latest news
Pricing widens on deal's triple-As, but tightens across most of the capital stack as mezzanine spreads stay tight
Deal is manager's first new issue euro CLO this year and has three triple-A rated tranches
Manager tightens spreads across some mezzanine liabilities and includes two triple-B rated tranches
More articles
More articles
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US and European markets only briefly paused, with Onex returning for rare increase of old deal -
Investors show appetite for deals with short reinvestment periods, Pemberton’s Robert Reynolds says
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Europeans issue short deals as IG investors fill up before US elections
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Double-As to triple-Bs get harder to place amid onslaught of last-minute new issuance
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Managers consolidated the tightening of previous weeks in the face of choppy conditions
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Managers are rushing to the market to sell bonds before the US election and buy loans after
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New entrants push into middle market funding as the BSL market slowly grinds tighter
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Bankers say managers should prepare for picky buyers as tighter spreads attract a broader range of resets
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Mezz spreads moved tighter last week but strong issuance is expected to keep triple-As steady
