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Telco and retailer gap wider as PE firms circle
2 years ago
Telecom Italia is one of the Monday credit market's biggest underperformers, in an otherwise finely poised start to the week -
Credit rallies on Fed and BofE rates signals, but starting gun fires on tapering
2 years ago
Credit and equity markets have responded well to the US Federal Reserve unveiling much anticipated plans to begin tapering asset purchases, while vouching it will stay patient on hiking interest rates. The Bank of England followed this on Thursday by holding its rates at 0.1% -
German real estate co hits new wides as single names catch up with index rout
2 years ago
Adler Real Estate is again one of the biggest movers in the European credit market, as the week comes to a bearish close and October begins with heightened uncertainty -
Credit and stocks regain composure on rates as oil hits new heights
2 years ago
Credit and equity markets have improved again on Wednesday morning, after US treasury secretary Janet Yellen's comments about possible rate rises spooked markets on Tuesday afternoon -
Picard and Cleveland-Cliffs underscore high yield single name sensitivity
3 years ago
Picard entered a relief rally on Friday after postponing a triple-tranche bond deal backing a refinancing and shareholder dividend -
Travel company CDS soars wider as bond issue converts to concern
3 years ago
TUI, the Anglo-German travel operator, is under pressure in credit and equity markets just it has launched an offering of convertible bonds -
Early 2021 moves open up CLO and credit curve dislocations
3 years ago
Fund managers are keeping a close watch on credit curves as sharp moves since the start of December have forced relative value to shift between corporate bonds, CDS, CLOs and loans. This has put CDS curve steepeners in focus but, conversely, CLO flattening appears likely. -
Europcar CDS auction shocks protection buyers with zero pay-out
3 years ago
Wednesay's auction to settle Europcar Mobility Group CDS has left protection buyers on the company with nothing to show for their investments and hedges, after dealers produced an unexpected 100% recovery on contracts due to a technical mismatch in bids and orders -
Index sell off hits at start of busy week for primary
3 years ago
Credit is stumbling into the week, with a widening of index spreads that noticeably underperforms stock markets -
Europe/US high yield gap re-opens with roll, but raises fair value questions
3 years ago
The semi-annual roll of US high yield index CDX HY has once again put daylight between it and European counterpart iTraxx Europe. But the new series has come in tighter than some market participants had anticipated -
LP round-up: mighty Oaks win $1 billion apiece from Calpers
3 years ago
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies -
HPS hires from sports and entertainment financier in Los Angeles
3 years ago
HPS Investment Partners has appointed two managing directors from 23 Capital to the firm's Los Angeles office -
Bankrupt Hertz runs out of gas with CLOs holding $245 million
3 years ago
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations -
SEC relaxes borrowing rules for funds affected by covid-19
4 years ago
The US Securities and Exchange Commission has granted registered funds temporary relief and flexibility to borrow capital from affiliates and enter into lending arrangements as they address the impacts of covid-19 on their portfolios -
ICG ramps up European direct lending account for US pension fund
6 years ago
Private equity-style fund has deployed over 62% of its committed capital, filings suggest -
Direct lender Beechbrook launches £100 million SME fund
8 years ago
London-based Beechbrook Capital announces first close of UK SME Credit Fund -
Alpha Appalachia triggers CDS after parent slips into bankruptcy
8 years ago
Former Massey Energy default triggers CDS -
Aviva appoints new chief investment officer for fixed income
9 years ago
Aviva Investors has today announced the appointment of Mark Connolly as its chief investment officer for fixed income. -
Credit market snapshot: credit spreads give up gains immediately
9 years ago
Credit spreads move out to erase Wednesday's gains following Ukraine plane crash -
Credit market snapshot: win-win for credit as spreads hit new tights
9 years ago
Nothing, it seems, can dent investors' current mood of Panglossian optimism -
Credit market snapshot: European investment grade outperforms
10 years ago
Europe outperforms US as markets tighten, with European investment grade names outperforming -
Credit market snapshot: credit hits lowest point for a month
10 years ago
Spreads tightened for a third trading day in succession, taking indices to their lowest point in a month -
Credit market snapshot: spreads tighten for a second week
10 years ago
Credit spreads saw a second successive week of tightening last week -
German truck component manufacturer’s spreads after buy-back offer
10 years ago
German Truck component manufacturer Meritor offers note holders 114 cents on the dollar for outstanding notes. -
Credit market snapshot: US outperforms as spreads inch wider
11 years ago
Spreads inched wider last week led by European high yield names, while the US high yield outperformed
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