Latest news
Latest news
The triple-A rated notes' spread widened by 25bp compared to the original deal
Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
More articles
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Daily Mail and General Trust, the UK media group, will buy back £106.102m of two bonds, maturing in 2018 and 2021.
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Mexican telco Axtel has accepted $82.542m worth of tenders of its 7.625% senior unsecured bonds due 2017 in exchange for new step-up senior secured notes due 2020, as part of an exchange offer that Moody’s views as “distressed” and thus a default.
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Source: Dealogic
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Source: Dealogic
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The €300m issue for Huntsman, the US chemical company, again underlined the strength of the European high yield bond market this week.
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Jaguar Land Rover issued $200m more than planned in its $700m drive-by high yield bond on Tuesday. The notes were priced inside guidance at par to yield 4.125%.
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PortAventura followed the theme of increasing high yield deals and tight pricing on Thursday. The Spanish theme park and destination resort enlarged its bond by €20m to €420m bond and the notes traded up.
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Sanitec, the Swedish bathroom fixtures firm, saw its stock price rise as it was floated on the Swedish stock exchange on Monday.
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Empark, the Spanish car parks operator, attracted a strongly oversubscribed book for its €385m bond debut.