Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
More articles
More articles
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Ashtead, the UK-based equipment rental company, sold a $400m tap of its 6.5% 2022 high yield bond on Wednesday.
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Lead managers of the debut high yield bond for PortAventura, the Spanish theme park, have released price guidance and increased the transaction by €20m to €420m.
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Travel retailer Dufry has signed a new €500m five year term loan, in part to back its acquisition of Hellenic Duty Free.
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The US subsidiary of Alcatel-Lucent, the French-US telecoms firm, is seeking to reprice a $1.737bn term loan ‘C’, only four months after the deal was first repriced. -
Empark, the Spanish car parks operator, attracted a strongly oversubscribed book for its €385m bond debut. The €235m fixed rate piece was 10 times covered and traded up on Thursday — an overwhelming indication that the high yield new issue market is still open despite the approach of Christmas.
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The high yield bond for Huntsman has again underlined the strength of the market. The US chemical company twice increased its high yield bond issue from €200m to €300m and sold it tightly on Wednesday. The notes still traded up.
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CMA CGM, the French container shipping business, sold its €300m unsecured bond on Tuesday. The 2018 deal came with an 8.75% coupon at 97.552 to yield 9.375%.
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German printing press maker Heidelberger Druckmaschinen printed a €51m tap of its 9.25% 2018 bond on Tuesday.
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Jaguar Land Rover raised $200m more than planned in its $700m drive-by high yield bond issue on Tuesday. The notes were priced inside guidance at par to yield 4.125%.
