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
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Alcatel-Lucent sold its $750m high yield bond at the tight end of guidance on Thursday. The seven year senior notes were sold as part of the US-French telecoms equipment producer’s plans to transform its capital structure.
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Tarkett, a French flooring company, began bookbuilding on a €540m Paris IPO on Monday.
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Edcon, the South African fashion retailer, increased its bond issue last week and priced it with this year's highest coupon on a high yield bond in Europe — 13.375%. The notes were priced inside guidance of the 13.5% area.
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Univeg, the Belgian fruit and vegetable distributor, sold its debut bond late on Friday, increasing the high yield issue by €20m to €285m.
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Fresenius, the German healthcare company, is today marketing its new €1.2bn loan package in Frankfurt, after setting margin and original issue discount guidance on the term loan ‘B’ tranche late last week.
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Global Closure Systems, the French bottle top maker, sold an increased €350m high yield bond issue on Friday.
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Vivacom is adding to the trend of emerging market-based companies issuing a bond with high yield documents. The Bulgarian telecoms company wants to raise €400m of five year non-call two debt.
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Brazilian ammunition maker CBC Ammo became the latest Latin American borrower to be hit by better than expected economic data from the US when it had to widen pricing from guidance to sell a $250m debut bond.
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The U.S. primary market for collateralized loan obligations is trudging through some of the year’s toughest conditions, but deals from firms outside the top-tier CLO managers are getting held up.
