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
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Albéa Beauty hopes to be the next issuer to add a PIK toggle bond to its capital structure, after the flurry of payment-in-kind structures sold this autumn. However, the deal's timetable has slipped.
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Apart from the high yield market’s unusual 15 year issue by Unitymedia, two other companies sold deals on Thursday: Serbia BroadBand and Marcolin.
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Univeg, the Belgian fruit and vegetable distributor, hopes to sell a €265m debut bond on Friday.
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CPA Global, the UK intellectual property service provider, has proposed guidance on pricing and original issue discount for its new $1bn-equivalent transatlantic loan package, after bank meetings in New York and London on November 6.
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Chicago-based Tall Tree Investment Management is looking to tap the collateralized loan obligation market for the first time since the crisis.
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Avoca Capital has priced its Credit Suisse-arranged European collateralized loan obligation, Avoca Capital CLO X, with the triple-A printing at recent wides, reflecting the continuing challenge of finding investors at the senior level, market officials told EuroWeek’s sister publication SI.
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Serbia BroadBand, the Serbian-Slovenian telecoms business, has sold its €475m high yield bond to finance its takeover by KKR.
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Marcolin, the Italian eyewear maker, released guidance for its debut high yield bond this morning. The six year senior secured bonds were talked in the 8.5% to 8.75% area.
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CPA Global, the UK intellectual property service provider, has proposed guidance on pricing and original issue discount for its new $1bn-equivalent transatlantic loan package, after bank meetings in New York and London on November 6.