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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Lloyds Bank has hired Eric Jenkins in its leveraged finance team in London, as it looks to strengthen its high yield bond capabilities amid steady growth in the sector in Europe.
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Aviva Investors has hired Sunita Kara as portfolio manager for its European high yield investments.
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Finnair, the Finnish state-controlled airline, will roadshow next week for a possible bond issue of about €100m-€150m.
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Senior secured floating rate notes, largely in place of loans, have been the high yield bond market’s favourite gimmick in the first half of 2013. -
There must be plenty of films to which bankers would like their deals to be compared. A League of Their Own, perhaps, or Chariots of Fire. But over the last few weeks a very different narrative has been playing out in the leveraged loan market. Two entities, produced just a few days apart, have faced vastly differing fates. We are of course in the territory of the 1988 classic, Twins.
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Two leveraged deals from Minimax Viking and Tip Trailer, both launched late last month, have performed very differently.
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HSBC's Diehl returns to US – GS gets co-ECM heads – Neuberger Berman takes from JPM – Lucas to leave Barclays early – Aviva hires Kara for European HY
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Investec has put the Pinewood 2013-1 European collateralised loan obligation, managed by Pramerica Investment Management, on hold until later in the year.
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Allocations were distributed to BMC Software’s investors on August 9, after a radical change to the debt’s structure and currency split.
