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
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Source: Dealogic
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Brokerage firm Sterne Agee has brought on three former Gleacher & Co. pros to start a new origination platform within its structured products group.
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Investec has put the Pinewood 2013-1 European collateralized loan obligation, managed by Pramerica Investment Management, on hold until later in the year. -
Codere, the Spanish gambling company, has decided not to pay the interest on its $300m 2019 bonds, which was due today.
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The early bird phase of OGF’s new debt issuance is set to close on Thursday. If the deal is launched to general syndication, leads and investors expect it to be in early September.
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The UK’s energy and mining consultancy firm Wood Mackenzie is due to allocate an add-on to its existing debt on Thursday, having relied exclusively on its existing syndicate. The new facilities will be used to pay a dividend to the issuer’s private equity owner, Hellman & Friedman.
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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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Source: Dealogic
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BSN Medical, the German bandages maker, is asking investors to refinance and increase its existing transatlantic term loan ‘B’.
