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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Private equity firm KKR is set to expand its presence in the European credit market by buying Avoca Capital, a credit investment manager based in Ireland, in the hope of picking up corporate clients left by banks less willing to lend. -
Topaz Marine, an offshore support vessel company based in Dubai, has launched $350m of five year senior high yield bonds.
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Central European Media Enterprises' CFO David Sach will leave the company on October 29 and Anthony Chhoy, its executive vice president for strategic planning and operations, is leaving on November 15.
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Source: Dealogic
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Arranging banks are reaching out to an unusual group of potential buyers of triple-A rated collateralized loan obligations in an attempt to rein in liability costs and keep the market on its feet.
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Bankers expect the coming week to get busier, as the long awaited high yield bond financing for Domestic & General was launched.
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KKR has emerged as the winner in the sale of Serbia BroadBand. The private equity firm announced the acquisition on Tuesday, which should mean another LBO financing in the high yield bond market.
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German-Swiss steel company Schmolz+Bickenbach has launched a change of control put offer to holders of its €258m high yield bond.
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Hastings Insurance Group raised £415m through high yield bonds on Monday to finance the takeover of 50% of its business by Goldman Sachs’s Merchant Banking division. Bankers claimed the deal was the first European insurance LBO to be financed in the high yield market.
