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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Bankers on Merlin Entertainments' £1bn IPO said on Wednesday that the deal was set to price in the upper half of the range. Strong demand had already led to an acceleration of the timetable earlier this week.
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Europe’s corporate bond market has finally burst into life this week as so far €7.8bn of benchmark, west European public investment grade bonds have been launched — and that’s assuming minimum benchmark sizes for the Sanofi and LVMH deals out on Wednesday.
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Discount margins on triple-A rated collateralized loan obligation debt may have tightened in slightly, with the top tranche from GSO/Blackstone Debt Funds Management’s $413.35 million Keuka Park CLO pricing at a DM of 145 basis points over LIBOR.
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Leveraged loans bankers are divided as to how aggressive European investors should become, according to a EuroWeek Loans poll.
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Moody’s expects high yield and leveraged loan issuance next year in Europe, the Middle East and Africa to reach similar levels to the record highs of this year.
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Eurofins Scientific, the unrated French food, drugs and environmental testing company, will roadshow for a possible euro senior bond issue from Tuesday November 12.
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Albéa Beauty wants to add a PIK toggle bond to its capital structure. The French cosmetics packaging company will use the $150m deal to finance a dividend to its shareholders, led by Sun Capital Partners. -
CPA Global, the intellectual property services provider, is set to launch a $1bn-equivalent transatlantic loan package to refinance debt.
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Renault has launched a tap of the €600m five year bond it issued in September. The French carmaker, rated Ba1/BB+/BB+, wants to raise between €250m and €300m.
