Latest news
Latest news
Manager has already used its fourth captive equity fund to invest in five CLOs
◆ 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
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Findus, the fish and frozen food company, has released price guidance for its £410m high yield bond. It plans to sell euro and sterling notes today, dropping a planned Swedish krona tranche.
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Expro, the UK oil and gas well services provider, has tapped for $100m its 8.5% 2016 bond, of which about $991m was previously outstanding. Guidance in the 104 to 104.25 area was released on Thursday afternoon.
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Unilabs, the Geneva-based laboratories business, succeeded in selling its €685m debut high-yield bond on Wednesday in an intraday execution, nearly a month after pulling the deal amid unfavourable markets.
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Fiat, the Italian carmaker, priced an €850m long six year bond on Tuesday, winning a strong book. The notes came with a 6.75% coupon at par and traded up on the break.
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FTE Automotive, the German clutch maker, has sold the first European high yield bond to finance an acquisition in the second half of this year.
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The renewed vigour in Europe’s corporate bond market was evident on Tuesday when Continental, a double-B rated issuer whose deals span investment grade and high yield investors, sold a highly successful €750m bond.
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Intermediate Capital Group and GSO Capital Partners will take a 5% vertical slice of their latest CLOs to ensure they do not fall foul of new European risk retention regulations.
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Findus, the fish and frozen food company, has released price guidance for its £410m high yield bond. It plans to sell euro and sterling notes tomorrow, dropping a planned Swedish krona tranche.
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Intermediate Capital Group’s first European collateralized loan obligation in three years was due to price via arranger LLoyds Bank on Friday as SI went to press.