Latest news
Latest news
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Manager adds almost €100m across the CLO's capital structure
The triple-A rated notes' spread widened by 25bp compared to the original deal
More articles
More articles
-
CLO managers putting together new deals in the next few quarters may find sourcing loans easier when older CLOs are called as they leave their reinvestment periods, according to Moody’s Investors Service.
-
Fiat Finance and Trade issued Sfr450m of four year bonds on Tuesday. The Italian carmaker rated Ba3/BB-/BB- sold the bonds with a 4% coupon — its lowest coupon on a Swiss franc bond so far.
-
Private equity firm Apollo has shed the final remnants in its holding of UK estate agent Countrywide after selling around 22.4m shares, or 10.2% of the company, through an accelerated book building process on Monday night.
-
Participants at a Loan Market Association seminar have commended the increase in European leveraged loan issuance but expressed concern at the lack of mergers and acquisitions to stimulate further growth. -
Hertz, the US car rental firm, launched a €425m five year high yield bond today. It had intended to sell its bonds a few weeks earlier but got into its blackout period.
-
European high yield exchange-traded funds have increased their assets under management by €630m this year, underlining the slow but steadily growing importance of ETFs in the European high yield market.
-
Santander Asset Management Finance has set guidance on the $1.2bn-equivalent of drawn debt to back its partial acquisition by Warburg Pincus and General Atlantic.
-
OSX, the shipbuilding, oil equipment and services arm of Eike Batista’s crumbling Brazilian EBX conglomerate, has filed for bankruptcy with a Rio de Janeiro court, it said on Monday.
-
E.On Energy from Waste, the waste treatment and disposal company owned by EQT Partners, is in the very early stages of discussions on a potential amendment of its buyout debt from earlier this year, EuroWeek understands.
