Latest news
Latest news
Manager adds almost €100m across the CLO's capital structure
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
More articles
More articles
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Italian construction group Astaldi has released price talk for its debut high yield bond. The €400m seven year notes are guided in the 7.25% area.
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Afren priced a $360m seven year non-call three bond this week. The deal will fund a tender offer, which Afren has adjusted after a rousing response from early bird bondholders.
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Switzerland-based investment fund and collateralized loan obligation equity buyer Livermore Investments plans to sponsor the equity of the first four deals of joint venture partner Covenant Credit Partners, according to Covenant CEO Marc Boatwright. -
Standard & Poor’s will not downgrade any European companies as a result of its wide-ranging changes to corporate rating criteria, which it has been preparing since June. However, it has placed eight Asia Pacific companies on CreditWatch negative.
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Finmeccanica, the Italian air defence and security group, is set to sell a €600m to €750m bond on Tuesday. The long seven year notes will be its first issue as a speculative grade company.
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Tank & Rast, the German motorway services business, has priced its €460m second lien bond inside initial price guidance.
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Italian sports and horse betting company Snai has released price guidance on its €460m senior secured and subordinated bonds.
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Private equity firm HgCapital has agreed to acquire over 90% of shares in German software developer Personal & Informatik, and plans to buy the rest of the Frankfurt-listed company through a tender offer.
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Alcatel Lucent, the US-French telecoms equipment producer, has tapped its 6.75% 2020 bond, issued three weeks ago. The new $250m portion was priced at par, boosting the total bond size to $1bn.
