Latest news
Latest news
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
Manager tightens spread on triple-A rated notes by 23.5bp compared with the original deal
Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
More articles
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A structural shift, in which private funds and hedge funds moved to London, has prompted US law firm Willkie Farr & Gallagher to open a restructuring practice in London.
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After last week’s spate of European high yield bond issues, when some €2.9bn was priced, this week is a lot lighter. By Wednesday, Phones4u, Jerrold and Soho House were the only European issuers looking for bond funding.
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Phones4u, the UK mobile phone retailer, has priced its £205m PIK toggle bond, after a swift marketing process that began with a roadshow in London on Monday and Tuesday.
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Pricing on the €355m dividend recapitalisation deal for TV operator M7 Group has been reverse flexed, as issuers revel in a leveraged loan market awash with liquidity but deprived of new deals.
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This afternoon’s expected announcement on QE tapering from the Federal Open Market Committee has paralysed most corporate bond issuers. Will there be a whopping rally, a nasty sell-off or a non-event?
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The private equity owners of Crest Nicholson raised £109m through a block trade on Tuesday night, the first sell-down since the UK housebuilder's February IPO.
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Crest Nicholson's private equity owners launched a £112m block of shares in the UK housebuilder on Tuesday night, the first sell-down since the company's IPO in February. Meanwhile, the founder of Eurasia Drilling is also selling an $84m block in that company.
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Emerging market loan volumes staged a record comeback in the first quarter of 2013. But in their drive to jump-start the market, banks have let borrowers get away with too much.
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Commitments for the £340m-equivalent loans supporting the buyout of UK packaging firm Chesapeake by private equity firm Carlyle are due in on Tuesday.