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
More articles
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Unilabs has released guidance on its high yield bonds. The Geneva-based laboratory business has had to make concessions on price and structure to attract investors in the present volatile market environment.
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Barry Callebaut, the newly speculative grade-rated Swiss chocolate company, has released guidance for its $600m 10 year bond. The notes are talked in the 5.5%-5.75% area, with books closing tomorrow.
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European cable TV holding company Altice has launched a €1.045bn loan and high yield bond transaction to finance a series of changes in the company's structure.
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European high yield bankers are putting the brakes on new deals, as secondary market volatility makes it hard to put a price on new issues.
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Investors in the top tranches of the first new issue European collateralised loan obligation since 2010 are trying to offload the bonds into the secondary market. This is most probably because the deal does not comply with the European Banking Authority’s draft changes to the Capital Requirements Directive 5% risk retention requirement.
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Cabot Financial is asking its bondholders for consent to waive their change of control put. A majority stake in the UK debt purchaser has been bought by Encore Capital, just weeks after US private equity firm JC Flowers acquired the business
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InterGen has sold its more than $1bn-equivalent bond issue in dollars and sterling, heavily skewed towards dollars. This came after the European high yield market suffered losses and made sterling investors ask for a higher coupon for a shorter bond.
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Holders of Seat Pagine Gialle’s 2017 bonds are meeting to elect a common representative for the company’s looming restructuring process.
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SMCP, the French high end fashion retailer, waited over the weekend before selling its debut high yield bond today, hoping for better market conditions after Thursday's volatile trading session. The French retailer priced its €290m 2019 bond on Monday.