Top stories

  • Stada buyout prescription finally shows results

    Bain Capital and Cinven's €5.3bn buyout of German pharmaceuticals maker Stada went through this week, the firm announced on Friday, after a tense build up to Wednesday's midnight deadline, with the 63% shareholder acceptance threshold only just being reached.

    • 18 Aug 2017

  • Widening loan spreads drive hope for new euro CLOs

    Fresh supply of European leveraged loans has led to softening prices, creating opportunities for CLO managers to form new deals and bringing new investors, including Japanese buyers, into the market.

    • 17 Aug 2017
  • Neuberger Berman calls for global HY funds to incorporate euro levloans

    A growing number of European high yield borrowers are replacing their bonds with leveraged loan debt. This week, investment management company Neuberger Berman decided to add leveraged loans into its bond strategy, and said more investors should follow suit to avoid missing new speculative grade issuance.

    • 17 Aug 2017
  • Lev loan market prepares for more retail asset stripping

    The number of highly leveraged retailers including clauses in loans that allow them to strip out valuable collateral into separate subsidiaries, out of reach of secured lenders, has reached “extreme” levels, according to loan market sources.

    • 16 Aug 2017
  • CB investors on the hook after Air Berlin files for bankruptcy

    Air Berlin, the second biggest airline in Germany, is at risk of defaulting on more than €600m equivalent of bonds, including €130m of convertible bonds, after the carrier filed for insolvency.

    • 16 Aug 2017
  • Trinseo bags savings with new financial structure in dollars

    US plastics manufacturer Trinseo priced its new dollar refinancing bond deal with coupons more than 100bp tighter than the old notes. It is also marketing new term loans.

    • 16 Aug 2017
  • CVC’s AR ups leverage at no extra cost

    AR Packaging, the Swedish maker of packaging for food, increased its LBO loans with a dividend recapitalisation deal on Tuesday. The move follows a trend of loan borrowers taking on more leverage ahead of new European Central Bank guidance on leverage limits.

    • 15 Aug 2017
  • North Korea fears prompt euro CLO trading spike

    The prospect of nuclear conflict between the US and North Korea led to increased trading of CLO mezzanine debt in the secondary market, but the market recovered quickly this week as fears receded.

    • 15 Aug 2017
  • Europe’s levfin should use ‘Merkron’ card to win US PE over

    US private equity firms keep an eye on European deals, but their doubts over the eurozone’s future become a deterrent at times. Now that Germany and France are signalling a zealous commitment to the European project, the chance is ripe to regain their trust.

    • 15 Aug 2017

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
20-Jul-17IPD 3 BV17-Jul-24175E +450
20-Jul-17IPD 3 BV17-Jul-243254.5%
13-Jul-17Maxeda DIY Holding BV 15-Jul-224756.125%
13-Jul-17NMG Finco plc01-Aug-22$2505.75%
13-Jul-17NMG Finco plc 01-Aug-22£3705%


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,887.75 55 6.77%
2 BNP Paribas 12,922.24 69 6.29%
3 Goldman Sachs 11,801.80 45 5.75%
4 Deutsche Bank 11,123.41 61 5.42%
5 Bank of America Merrill Lynch 10,782.14 44 5.25%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,994.70 40 8.04%
2 Goldman Sachs 4,312.69 35 6.95%
3 Deutsche Bank 4,249.17 39 6.84%
4 Barclays 3,956.08 33 6.37%
5 Citi 3,884.06 28 6.26%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,887.75 55 6.77%
2 BNP Paribas 12,922.24 69 6.29%
3 Goldman Sachs 11,801.80 45 5.75%
4 Deutsche Bank 11,123.41 61 5.42%
5 Bank of America Merrill Lynch 10,782.14 44 5.25%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,994.70 40 8.04%
2 Goldman Sachs 4,312.69 35 6.95%
3 Deutsche Bank 4,249.17 39 6.84%
4 Barclays 3,956.08 33 6.37%
5 Citi 3,884.06 28 6.26%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,067.99 186 10.79%
2 Citi 19,404.77 149 8.70%
3 Bank of America Merrill Lynch 17,997.02 158 8.07%
4 Goldman Sachs 17,038.94 119 7.64%
5 Barclays 15,537.71 103 6.97%