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Latest news
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
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
More articles
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Two solid days of successful corporate bond issuance opened this week, but although investment grade bankers came in on Wednesday morning ready for further action, screens were quiet.
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GSO Capital plans to retain a 5% vertical slice of its upcoming EUR417 million ($533.2 million) collateralized loan obligation in order to comply with European risk retention requirements, according to a person with knowledge of the deal.
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TSL Education, the UK educational publisher, yesterday launched a £250m loan package to support its acquisition by private equity firm TPG.
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Continental issued a €750m bond to cut its funding costs on Tuesday. The speculative grade-rated German tyre maker priced the deal with a yield of just 3.25%, on a book of over €3.2bn.
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Fiat, the Italian carmaker, priced an €850m long six year bond today, 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 hydraulic clutch maker bought by Bain, has released guidance in the 8.75% to 9% area for its debut high yield bond. Books closed at 4pm today with pricing set to happen thereafter.
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About $100 trillion in already illiquid investments—including securitizations—are subject to an outdated infrastructure that further limits liquidity and transparency, according to DealVector Co-Founder and COO Dave Jefferds.
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UK cinema chain Vue Entertainment has launched its £550m-equivalent buyout financing bond after premarketing it last week. The seven year senior secured notes will come with fixed and floating rate coupons.
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Continental, the German tyre maker, wants to sell at least €500m of high yield bonds to partly refinance its 7.5% bond issue due in 2017.