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
-
Finnair, the Finnish state-owned airline, sold August's first euro-denominated corporate bond on Thursday. The unrated company priced €150m in a five year transaction at the tight end of guidance.
-
RBS has hired Monica Rana for its high yield team in London.
-
Host Europe has fixed guidance on the size and pricing of its new credit facilities. The debt will back the UK website host’s £438m buy-out by private equity firm Cinven.
-
Mizuho International has been hit by the departures of Jermaine Jarrett, head of high yield syndicate and capital markets, and Peter Din, head of high yield research. A spokesperson for Mizuho confirmed that both were on gardening leave.
-
Finnair, the Finnish state-owned airline, has launched an unrated bond that will be sold on Thursday. The €150m five year transaction will be priced at the tight end of guidance.
-
BSN Medical, the German bandage maker, expects to complete the refinancing of its euro and dollar term loan 'Bs' by Friday, after receiving final commitments from investors on Wednesday. The margins were reverse flexed for a second time — by a further 25bp — on Tuesday. -
The pipeline for U.S. new-issue collateralized loan obligations is building back up, meaning CLO issuance in 2013 is likely to soon surpass 2012’s full-year total.
-
Private equity firm Cinven has agreed to buy acquire an 80% stake in Heidelberger Lebensversicherung, the German life insurer, from Lloyds Banking Group for €300m.
-
Campbell Europe, the division of soup maker Campbell Soup Co which operates in continental Europe, has set margin guidance on its new €320m senior loans package. The deal is a rare case of new money issuance in an otherwise quiet month.
