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
-
Barclays has reshuffled the management of its EMEA leveraged finance business, moving one of its co-heads to a chairman role and reallocating the syndicate responsibilities of the other co-head, EuroWeek understands. -
Transport services company Tip Trailer has flexed the margins and deepened the discount of its transatlantic loan package.
-
ConvaTec allocated a series of amendments to its outstanding debt on Tuesday. The UK developer of medical technologies was able to price the term loan ‘B’ at the tight end of guidance and also chose to modify its structure to feature dollars more heavily.
-
Minimax Viking has entered the documentation phase of its new transatlantic debt issuance, after receiving sufficient commitments on Tuesday (August 6). The leads expect to confirm the margins and allocate the loan by Thursday.
-
Schenck Process completed on Monday (August 5) an amendment and extension of its outstanding debt. Under the terms of the A&E the company has extended most of its financing by two and a half years. It has also increased the size of the debt.
-
BMC Software, the US business software group, dropped the planned euro tranche to its $1.38bn-equivalent high yield bond and plans to price the dollars on Wednesday. Pricing on the euro tranche would have been too expensive, according to a banker close to the deal.
-
The limited pool of buyers for the senior portions of European collateralised loan obligations is looking to push spreads on the triple-A bonds of upcoming deals wider, according to CLO officials on the frontline in London.
-
The limited pool of buyers for the senior portions European collateralized loan obligations are looking to push spreads on the triple-A bonds off upcoming deals wider, according to CLO officials on the frontline in London.
-
BMC Software, the US business software group, expects to release formal price guidance today for its high yield bond issue, to finance its $6.9bn acquisition by Bain Capital and Golden Gate Capital. The lead banks have set price whispers and the tranche sizes.
