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CLOs

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  • Blackstone’s credit arm, GSO Capital Partners, has sold the largest euro CLO of the year, bringing year to date European issuance in 2013 close to €7bn. The first quarter of 2014 could be even busier, with at least eight managers said to be ramping up warehouses.
  • Abengoa, the Spanish engineering and renewable power group, has announced a dollar bond issue, after raising €550m in the euro market this year.
  • Alcatel-Lucent USA, the French-US telecoms equipment maker, is holding a global investor call at 3.30 London time this afternoon, with a view to launching and pricing a $650m 3.5 year bond later today.
  • SGL Carbon, the German maker of carbon products, has released price guidance of 4.875% for its €250m high yield bond, and is expected to price its bond by about 4pm London time. The book is well oversubscribed, a banker said.
  • Lead managers of the $1.685bn high yield bond issue for Altice, the telecoms investment group, have released price guidance for the three tranche deal, which finance two acquisitions in the Dominican Republic.
  • Darling International will hold a bank meeting with potential investors in New York today, to market its new $1.2bn transatlantic loan package to finance its acquisition of Vion Ingredients.
  • French perfumery chain Nocibé allocated on Tuesday a €475m term loan ‘C’, backing in part its acquisition by Douglas Holdings.
  • Price whispers have emerged for the €250m high yield bond for SGL Carbon, the German maker of carbon-based products.
  • Loans bankers expect the syndication of the debt backing Hellman & Friedman’s partial takeover of Scout24 to be launched no earlier than January 2014.