Latest news
Latest news
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
Debut manager is launching a CLO platform building on leveraged loan market experience
More articles
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Société Générale last Monday launched syndication of a $135 million refinancing for Interstate Operating Co., a subsidiary of Interstate Hotels & Resorts.
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Jim Brophy, corporate salesman at UBS, has been hired by Banc of America Securities, according to Bill Parry, head of U.S. investment-grade sales at BofA. Brophy, who was on vacation last week and could not be reached, will start at BofA next month.
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Waste Services is in talks with its banks to obtain a waiver after violating covenants. The waiver will enable it to access funds from its revolver, which it cannot draw at the moment.
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Fixed-income houses including Morgan Stanley, Credit Suisse First Boston, and J.P. Morgan Securities are planning to execute contingency plans in the face of the upcoming Republican National Convention.
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Harris Nesbitt is in the market with a $170 million refinancing for RC2 Corp.
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David Haynie, an Alt-A trader at Deutsche Bank in New York, starts at Nomura Securities International this week in a similar role.
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Three professionals have left the asset-backed group at Fitch Ratings in London. Patrick Kearns, senior director, and Akinade Dada and Erwan Fournis, both associate directors, recently departed the ABS team headed by Olivier Delfour.
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HSBC has decided to focus more on the asset-backed securities market and is building out its team in London. Scott Dickens, who was hired this summer from Bear Stearns to spearhead the European ABS and structured bond initiative (BW 5/17), has recently made four new hires and more are in the pipeline.