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
More articles
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Skrill, the UK online payment company, will wait until the end of the summer break before launching a €305m loan package that backs its leveraged buyout by private equity firm CVC. -
Bondholders of Brazilian oil and gas producer OGX could face a distressed debt exchange or similar restructuring as the company’s liquidity pressures reach critical levels, said Standard & Poor’s.
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Exchange-traded high yield funds are exerting increasing influence on the US high yield bond market, said Fitch Ratings, while dealer banks are holding fewer inventories of corporate bonds. The trend could come to Europe but ETFs still make up a smaller part of the market.
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BMI Healthcare finalised an amendment and extension of its debt on Monday as it repaid £60m and pushed out maturities.
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The US subsidiary of Alcatel-Lucent, the French telecommunications equipment company, is repricing some of its outstanding transatlantic debt.
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Skrill, the UK online payment company, is set to issue €305m of loans to back its leveraged buyout by private equity firm CVC Capital Partners.
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High yield bonds are European fixed income investors' most favoured asset class for the third quarter in a row, according to Fitch.
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Avoca Capital is back in the European collateralized loan obligation market with a Credit Suisse-arranged deal sized at around EUR300 million ($400.2 million).
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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.
