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
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K+S, the German supplier of fertilisers, has mandated BNP Paribas, Deutsche Bank, DZ Bank and Morgan Stanley to arrange a roadshow for a potential bond transaction.
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RAC, the UK car breakdown service, will pay its private equity owner Carlyle a larger dividend than initially planned, after it decided to increase the size of its new term loan ‘D’ by £20m.
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JP Morgan Asset Management has opened the placing and offer of shares in its new senior secured loan fund, which it expects to raise at least £100m and invest only marginally in European credits.
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Brakes Group, the UK-headquartered food distributor, hopes to sell its £200m debut bond on Wednesday. Leads released guidance in the 7.25% area and closed books at 1pm London time.
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Two storming weeks at the beginning of November produced €21.7bn of European investment grade corporate bond issues, and although this week has started more quietly, fresh mandates keep being announced.
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Syndication for a £190m term loan to support the acquisition of Burton’s Biscuits by Ontario Teachers' Pension Plan will be done before the end of the year.
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Seasoned sterling bond bankers struggled today to remember an order book bigger than the £5.6bn at peak, reconciled to £5.1bn, amassed by Telefónica today for its first hybrid capital issue in the currency.
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ECM Asset Management, the London-based investment firm owned by Wells Fargo, has entered discussions with its partners to enable its multi-asset credit fund to buy leveraged loans.
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Henderson Global Investors launched a new global high yield fund on Tuesday.