Latest news
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
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Omar Chaudhary has relocated from Goldman Sachs’ London office to head up the firm’s U.S. collateralized loan obligations new issue business in New York.
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The worst of the high yield market sell-off might be over in Europe, suggested market participants at the Euromoney Global Borrowers' and Investors' Forum in London today. This comes on a day when the Markit iTraxx Crossover tightened for the second day in a row — in what could indicate a market stabilisation.
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The lurching volatility in rates, equities and credit spreads as markets get used to the idea that US quantitative easing will have to be withdrawn are making life difficult for corporate bond issuers of all stripes.
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Invesco Senior Secured Management is in the market with a $414.75 million collateralized loan obligation known as North End.
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Intralot, the Greek provider of gaming and transaction processing systems, has postponed its high yield bond debut. The Athens-listed company wanted to raise €300m in unsecured notes but on Friday decided to delay the issue, due to further deterioration in the market.
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Ares Management joined the new issue collateralized loan obligation pipeline Monday with a new $411.50 million trade, Ares XXVII, which is being brought to market by Goldman Sachs.
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UK sandwich shop chain Pret a Manger is set to issue a new £375m loan to refinance debt and pay a dividend to its owner Bridgepoint.
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HSBC has hired Omar Faruqui to run its UK financial sponsors business, as part of a continuing expansion of its global banking business.
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The steady flow of activity in European collateralized loan obligations during the first of 2013 is likely to ease as mid-year approaches, both as part of a wider market slowdown following last week’s Global ABS conference in Brussels and the sustained uncertainty around risk retention.