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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Boutique investment bank Exotix has hired Andreas Fessler to bolster its European team as it expands beyond its emerging market roots into traditional credit markets.
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Skrill, the UK online payment company, will wait until the end of the summer break before launching a €305m loan package that backs its leveraged buyout by private equity firm CVC. -
Bondholders of Brazilian oil and gas producer OGX could face a distressed debt exchange or similar restructuring as the company’s liquidity pressures reach critical levels, said Standard & Poor’s.
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Exchange-traded high yield funds are exerting increasing influence on the US high yield bond market, said Fitch Ratings, while dealer banks are holding fewer inventories of corporate bonds. The trend could come to Europe but ETFs still make up a smaller part of the market.
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BMI Healthcare finalised an amendment and extension of its debt on Monday as it repaid £60m and pushed out maturities.
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The US subsidiary of Alcatel-Lucent, the French telecommunications equipment company, is repricing some of its outstanding transatlantic debt.
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Skrill, the UK online payment company, is set to issue €305m of loans to back its leveraged buyout by private equity firm CVC Capital Partners.
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High yield bonds are European fixed income investors' most favoured asset class for the third quarter in a row, according to Fitch.
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Avoca Capital is back in the European collateralized loan obligation market with a Credit Suisse-arranged deal sized at around EUR300 million ($400.2 million).
