Wednesday, 19 September 2018

Isabell Witt' s stories

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  • European funds face pressure amid sluggish growth

    Structured Finance | 02 November 2012

    An expected rise in loan defaults and sluggish corporate growth in Europe is putting pressure on CLO funds to meet their quality tests. 

  • LMA

    LMA requests UCITS compliance from EC

    Loans | 26 October 2012

    In a response to a European Commission consultation paper, the Loan Market Association has requested that certain types of loans are made eligible under the UCITS IV Directive to allow retail investors to invest in the asset class.

  • Market takes a breather

    Loans | 26 October 2012

    The European secondary loan market was slightly softer last week, pausing for breath after a rally in the previous week, with Europe’s top 40 leveraged loans dropping by a slight 7bp to 97.05% of face value by Thursday.

  • A motorist approaches toll booths on the M6 Toll motorway near Birmingham in northern England

    Swap costs limit deals

    Loans | 19 October 2012

    Billions of pounds of interest rate swaps written in the 2006 and 2007 buyout boom are making it difficult to refinance or restructure the debt of European leveraged infrastructure, project finance and real estate companies, and risk increasing their debt.  

  • Birds Eye Iglo

    Investors could force Iglo adjustment

    Top News | 19 October 2012

    Permira may have to make further tweaks to the latest dividend deal for its Birds Eye food group Iglo to avoid another round of pushback against aggressive terms from some loan investors.

  • Prices rise as flurry of deals allocated

    Loans | 19 October 2012

    Europe’s secondary loan market rose last week as a number of well-liked loans allocated to trade, while data from the US and China also contributed to improved sentiment.

  • Logo of German bandage maker BSN Medical

    Creative thinking

    Loans | 06 October 2012

    The European leveraged loan market has opened up to more aggressive and opportunistic deals in a push by banks and private-equity firms to make money amid the dearth of new buyouts this year.

  • Banks eye Gecina stake as owners file for bankruptcy

    Loans | 05 October 2012

    A battle over the shares of French property firm Gecina is about to begin, after 31% owners Alteco and Mag Import last week filed one of the biggest bankruptcy actions in Spanish history.

  • TNK-BP

    AAR faces debt hurdles for TNK-BP bid

    Top News | 28 September 2012

    The consortium of Russian billionaires putting together a US$20bn bid for a 50% stake in Anglo-Russian oil firm TNK-BP could face significant obstacles in its attempts to raise the debt required to back a deal.

  • Rescue remedy

    Loans | 22 September 2012

    European leveraged lending has slumped in 2012 as new buyouts remain in short supply and deleveraging banks have remained wary of capital-intensive lending. But growing interest in the asset class as a relatively safe investment in turbulent, low-yielding markets is prompting bankers to look at ways to revive activity by solving lingering structural problems.