Refine Search
Article Categories
Strategy Tags
Geography Tags
-
European managers dump senior bank debt ahead of bail-in rules
11 years ago
Asset managers in Europe and the UK are dumping senior unsecured bank debt ahead of new regulations -
Legacy CLOs fuel demand for short-dated loans
12 years ago
Arrangers are looking to carve out short-dated loan tranches in response to the needs of firms that manage vintage CLOs -
Court ruling could push Kodak gains into reverse
12 years ago
A looming court judgement could have a significant impact on the trading level of Eastman Kodak’s debt -
F1 motors into US as top borrowers look across Atlantic
12 years ago
Strong US demand for the recent Formula 1 refinancing of an existing loan saw the new loan driven higher in secondary trading -
UK banks seek to turn overlooked loans into funding gold
12 years ago
UK banks create new programmes to issue so-called structured funding notes -
Defaults fall in the first quarter
12 years ago
The first quarter of 2012 has seen $21 billion of corporate default -
Technicals drive senior and sub financials convergence
12 years ago
Financials traders have bid subordinated debt tighter relative to senior debt in recent weeks -
Loan managers turn to technology to sign amendments
12 years ago
Investment managers are increasingly automating the way they handle leveraged loan amendments -
Asian buying drives up yankee bonds
12 years ago
A flood of new money from Asian investors has helped to drive yankee financial bonds significantly tighter in the secondary market -
New issue premiums decline as buyers seek yield
12 years ago
Strong investor demand has seen new issue premiums for European high grade corporate bond issues shrink -
Securitas deal puts bondholders and banks at odds again
12 years ago
A bridge refinancing by high yield issuer Securitas Target has provided the field for the latest battle in the growing turf wars between senior secured bondholders and secured bank lenders -
Financial bond holders fear further losses from exchange offerings
12 years ago
Investors are bracing themselves for further liability management exercises at European banks, following an explosion in activity towards the end of last year -
UK pension threat creates darker picture for Kodak recoveries
12 years ago
The treatment of UK pension liabilities could have a major impact on the recovery values of Eastman Kodak’s unsecured debt -
Bond buyers threaten strike over secured voting
12 years ago
High yield bondholders in Europe are heading for a showdown with loan investors if their demands for equal voting rights on senior secured debt are not met -
Markit fee cut lures buyside back to ClearPar
12 years ago
Markit has cut the fees charged by its automated loan settlement platform, ClearPar, following resistance from loan investors to the charges -
Defaults spike to $11.5bn in November
12 years ago
After a year of relatively low volumes, defaults spiked in November as companies and municipalities with debts totalling $11.5 billion defaulted -
Volatile fund flows rob loan market of its stability USP
12 years ago
The leveraged loan market is becoming significantly more volatile as the investor base for the product has changed markedly -
Bond holders lose out in travel company restructuring
12 years ago
Travelport bonds have traded down over recent months, following the completion of a debt restructuring deal in October -
New structure may enable cocos to escape “death spiral”
12 years ago
European banks are looking at a new way to structure contingent capital bonds, to avoid the risk of a “death spiral” -
Automation of loan settlement provokes buy-side backlash
12 years ago
A number of US leveraged loan managers are unhappy about a project to speed up loan settlement -
Bond investors make windfall gain as engineer splits
12 years ago
Some bond investors are rueing their decision to sell the bonds of a US engineering firm earlier this year -
Discounts shrink as investors lap up LBO loans
12 years ago
Amid strong demand from loan funds and CLOs, original issue discounts on term B loans pulled back from the mid to low 90 cents on the dollar required a few weeks earlier -
Corporates concede bigger premiums to issue bonds
12 years ago
Corporate borrowers are having to give away larger concessions in order to ensure bond issues are placed -
Apollo’s play on NewPage gets shredded
12 years ago
Apollo Global Management’s plans to orchestrate bankruptcy proceedings for North American paper company NewPage have hit the buffers -
Shipping credits hit by heavy weather on all sides
12 years ago
A late interest payment by US shipping company Horizon Lines in September highlights the current tough operating environment for the global shipping sector
Want all the latest news, comment, analysis and data?