European Securitization
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Leveraged loans in stressed sectors like software carry refinancing risk
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The French bank priced a €420m French auto ABS
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Inflation caused by war threatens budding recovery in commercial real estate
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Bill for firms fell to £9.1bn, but the scheme is more complex than expected
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Manager prices triple-A notes inside where it placed previous new issue
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Stefan Jost will take over the role
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Deal’s triple-A notes are fully syndicated to investors, despite volatility from Iran war
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UK market has also set a new issuance record, despite some issuers taking a cautious approach
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The winning deals, banks, issuers and market participants were revealed at a gala dinner at The Nobu in London.
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Far fewer leveraged loans are trading above par, but market bifurcation endures
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Mediobanca priced the only deal this week, a significant fall in activity from earlier this month
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Triple-A rated notes price in line with previous deal despite market uncertainty