Latest
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Tight spreads meet rate risk as markets brace for September supply
Debt markets remain highly receptive to issuance as spreads tighten, but rising-rate risk, heavy September supply and covenant concerns leave disruption risks in focus.
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Tight spreads and rate risk set up a heavy September issuance window
Credit spreads are around 25-year lows as capital flows into debt markets, while rate, default and covenant risks leave issuers focused on…
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Sona prices Europe’s first public BSL/private-credit hybrid CLO
Sona Asset Management priced a €404 million hybrid CLO combining public BSL and middle-market private credit loans, alongside sizeable auto and car-rental…
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Eurofiber, Ma’aden and SoftBank drive a busy syndicated loan pipeline
Eurofiber signed a €2.2 billion deal, Ma’aden raised $1 billion and SoftBank was reported to be working on a $10 billion syndicated…
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GSK, AstraZeneca and banks lead busy bond markets ahead of US reopening
European and Asian bond markets stayed active as pharmaceuticals, banks, sovereigns and EM issuers printed deals, while US supply remained subdued before…
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Covenant tightening – looking at the 40 changes Thoma Bravo agrees for Proofpoint debt extension
Thoma Bravo agrees to 40 documentation changes to extend cyber security firm Proofpoint’s debt.
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A higher interest rate world – value creation from AI investment, tariffs, demographics, government spending