Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
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RBS has hired Monica Rana for its high yield team in London.
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Host Europe has fixed guidance on the size and pricing of its new credit facilities. The debt will back the UK website host’s £438m buy-out by private equity firm Cinven.
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Mizuho International has been hit by the departures of Jermaine Jarrett, head of high yield syndicate and capital markets, and Peter Din, head of high yield research. A spokesperson for Mizuho confirmed that both were on gardening leave.
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Finnair, the Finnish state-owned airline, has launched an unrated bond that will be sold on Thursday. The €150m five year transaction will be priced at the tight end of guidance.
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BSN Medical, the German bandage maker, expects to complete the refinancing of its euro and dollar term loan 'Bs' by Friday, after receiving final commitments from investors on Wednesday. The margins were reverse flexed for a second time — by a further 25bp — on Tuesday. -
The pipeline for U.S. new-issue collateralized loan obligations is building back up, meaning CLO issuance in 2013 is likely to soon surpass 2012’s full-year total.
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Private equity firm Cinven has agreed to buy acquire an 80% stake in Heidelberger Lebensversicherung, the German life insurer, from Lloyds Banking Group for €300m.
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Campbell Europe, the division of soup maker Campbell Soup Co which operates in continental Europe, has set margin guidance on its new €320m senior loans package. The deal is a rare case of new money issuance in an otherwise quiet month.
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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.
