Latest news
Latest news
Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
Despite the allure of lower loan prices, CLO managers should print deals cautiously
Triple-A pricing widens by just 8bp from previous deal, in spite of the Iran war
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CQS Investment Management is set to price its €362.18m European collateralized loan obligation Grosvenor Place 2013-1 imminently, with Deutsche Bank on board as sole arranger and lead manager.
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CQS Investment Management is set to price its EUR362.18 million ($498.1 million) European collateralized loan obligation Grosvenor Place 2013-1 imminently, with Deutsche Bank onboard as sole arranger and lead manager.
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Lead managers are building a book for Domestic & General's £500m senior secured and unsecured high yield bond issue. Guidance is expected to be released later, but price whispers have emerged. -
RCS Mediagroup has shortened its roadshow and plans to price its high yield bonds this week. Initially, investor meetings were planned to finish on Tuesday next week.
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Rhiag is back with a different high yield bond. The Italian car parts distributor wants to sell €415m of senior secured fixed and floating rate notes to support its acquisition by Apax Partners.
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Noreco, or Norwegian Energy Co, has announced plans to restructure its bonds and raise new equity in a private placement. Holders of its Nkr3.1bn (€383m) of bonds would not lose out on face value under the plans, but would receive less interest and longer maturities.
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RCS Media Group, a provider of pay TV and telecoms services in Romania and Hungary, is planning a €350m debut high yield bond alongside €300m of loans to refinance its capital structure.
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Nocibé, the French perfumery store chain owned by Charterhouse, is in exclusive negotiations with Advent International for a buyout. Only a few days ago, Nocibé was premarketing a bond to high yield investors.
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Crédit Agricole is hiring two bankers, in the hope of strengthening its position in the leveraged loan and high yield bond market.
