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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Unilabs, the Geneva-based laboratories business, succeeded in selling its €685m debut high yield bond on Wednesday and sold it intraday, nearly a month after pulling the deal amid unfavourable markets. -
Expro, the UK oil and gas well services provider, wants to tap its 8.5% 2016 bond, of which about $991m is outstanding.
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Vue Entertainment, the UK cinema chain, has tightened price guidance on its debut high yield bond. Investors were asked to reconfirm their orders by 12.30pm London time today.
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Source: Dealogic
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Volatility across credit markets has caused investors in the first-loss portions of collateralized loan obligations to worry about more than just the risk that loans spreads could tighten, reducing the arbitrage that drives equity returns—they are also increasingly worried that spreads will widen, according to Citigroup researchers.
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UK cinema chain Vue Entertainment has released guidance for its £550m senior secured bonds and plans to sell them tomorrow.
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Unilabs is back in the market with its loan-to-bond refinancing after nearly a month's break since it pulled the deal. The Geneva-based laboratory business launched a €685m high yield bond on Wednesday morning and planned to sell it later in the day.
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German publisher Springer Science+Business Media is awaiting commitments to its new €2.5bn-equivalent transatlantic cov-lite loan package, after meeting potential lenders in London last Friday and in New York yesterday.
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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 the year.
