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
More articles
-
German-Swiss steel company Schmolz+Bickenbach has launched a change of control put offer to holders of its €258m high yield bond.
-
Hastings Insurance Group has released price guidance for its £415m bond package.
-
Yet another European payment-in-kind toggle bond has been announced. Befesa, the Spanish waste management and recycling group, wants to sell €150m of PIK toggle notes this week. -
The WorldPay Group allocated £150m-equivalent of loans on Friday, having opted to take the loan in dollars rather than sterling to achieve tighter pricing and looser terms.
-
Attendance at this year’s ABS East confab in Miami Beach totaled more than 3,000, up from 2,700 last year, according to organizer Information Management Network.
-
Hastings Insurance Group has launched a £415m senior secured high yield bond to part-finance the takeover of 50% of its business by Goldman Sachs’s Merchant Banking division.
-
After a busy July and €7.6bn-equivalent of issuance in September, the high yield primary market has calmed down — building an environment of opportunity for the lowest rated issuers to push out deals.
-
German container shipping company Hapag-Lloyd raised €150m on Wednesday by tapping its €250m bond, issued three weeks ago.
-
SBB is likely to issue high yield bonds, should the sale of the business result in a private equity takeover. Credit Suisse has pre-marketed staple financing to support a potential LBO of the Serbian telco but a trade buyer is also still in the bidding process.
