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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GSO Capital Partners priced its second European collateralised loan obligation this year — and 2013’s largest so far—on Friday, as euro CLO issuance in the third quarter alone is closing in on the total seen in the entire first half of the year.
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GSO Capital Partners priced its second European collateralized loan obligation this year—and 2013’s largest so far—on Friday, as new research indicates that Euro CLO issuance in the third quarter alone is closing in on the total seen in the entire first half of the year.
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Minimax Viking allocated its new transatlantic loans late last week, after achieving a reverse flex on August 5.
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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. -
Auto-Teile-Unger, a German chain of car repair shops, is working on a programme to restructure its balance sheet, which could affect its bonds and loans.
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High yield bond funds are continuing to attract more money in Europe, as the market celebrates a record €61bn of issuance in the first seven months of this year.
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Goldman Sachs, Wells Fargo and JPMorgan have moved away from providing different prices to different investors in the same tranches of new-issue collateralized loan obligations.
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Source: Dealogic
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Source: Dealogic
