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
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Investors committed en masse to the new €330m debt package from Nocibé, the French perfumery chain, ahead of the deal’s Thursday deadline.
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Hertz, the US car rental firm, has priced its €425m 2018 bond at 4.375%. The deal traded up from par to 100/100.25 on Thursday, despite some choppiness in the market on Wednesday.
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Numéricable, the French cable firm, has launched its first term loan since completing its long-awaited IPO earlier this month.
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Ista International, the German metering company, had received enough commitments from existing and new investors by Wednesday to achieve its debt repricing.
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RAC, the UK car breakdown service, has launched an £86m term loan to pay a dividend to its private equity owner Carlyle.
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Venezuela is to lever up its main source of US dollars — oil company PDVSA — by a further $4.5bn at a time when bond investors are rapidly losing faith in the country’s failing economy.
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The overnight sale of 35m ProSiebenSat.1 Media shares, priced at €31.53 by bookrunners Bank of America Merrill Lynch and JP Morgan, has boosted the German firm’s performance in an otherwise soggy European equity market.
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Energias de Portugal, the Portuguese electricity company, is set to price a €600m 7.2 year bond at 4.25% on Wednesday — only 25bp wider than where its 2020 notes were trading.
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Royal Bank of Scotland and asset management firm Alcentra have provided debt to back Mountain Warehouse’s management buyout of minority shareholder LDC.