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
More articles
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Faurecia, a French car components supplier, has received a €122.5bn loan from the European Bank for Reconstruction and Development (EBRD) to support its capex programme in emerging markets.
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Alcentra has mandated Bank of America-Merrill Lynch to sell its second European collateralized loan obligation this year.
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Soho House, the London-based chain of private members' clubs, has finished a four day roadshow in the US and Europe for its debut high yield bond.
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Now that the fight over the buyout of US computer maker Dell is over, bond investors can finally get their teeth into the company's new capital structure and the announced new high yield bonds. -
A solid secondary market performance on Monday from the Latin American bonds that priced on Friday reaffirmed the confidence of bond bankers that the high yield market was once again open. However this Wednesday’s US Federal Open Market Committee meetings are likely to delay new deal announcements from other sub-investment grade companies from the region.
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Lyxor Asset Management has raised €225m from insurance firms for its new fund investing in senior secured loans.
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Commitments for the dividend recapitalisation deal for TV operator M7 Group are due on Monday, with the facility already oversubscribed before the final tickets have come in.
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The LatAm bond market’s easy absorption of four new high yield deals on Friday has given confidence to DCM bankers, although modest order books and mixed pricing results acted as a reminder that investors remain selective.
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Jerrold, a specialist UK mortgage lender, wants to raise £200m with its first high yield bond issue.
