Powerlong Real Estate Holdings received huge support from investors for its $200m bond on Monday. The deal’s modest size and expectations of limited imminent supply from Chinese property credits helped the firm get away with
The European Central Bank delivered a welcome — and bigger than expected — increase to both the size and scale of its Pandemic Emergency Purchase Programme (Pepp) on Thursday, causing eurozone periphery spreads to ratchet
The Spanish treasury has invited investors to join a call on Friday to discuss the sovereign’s recently updated funding programme for the year.
The interest cost savings may not be enough to entice some countries to accept the European Stability Mechanism’s pandemic crisis loans, with Portuguese and Cypriot officials expressing doubt.
The sale marks the sixth exit from Elysian Capital I, which closed on £130m in 2010
Posted by Daniel E. Wolf, Kirkland & Ellis LLP, on Sunday, April 5, 2020 Editor's Note: Daniel E. Wolf is a partner at Kirkland & Ellis LLP. This post is based on his Kirkland &
Despite coronavirus uncertainty, technology investor Insight Partners closes its largest fund yet
Bailey McCann, Opalesque New York: A small but growing area of private debt could be a new source of opportunity for investors. A new paper from Monroe Capital highlights how technology and software as a
The investment is the first made by CapMan’s eleventh buyout fund, which raised €170m
Posted by Gregory W. Brown (University of North Carolina), on Friday, March 27, 2020 Editor's Note: Gregory Brown is professor of finance and director of the Frank Hawkins Kenan Institute of Private Enterprise at University
GRO Capital typically deploys between €10m and €50m of equity, acquiring both majority and minority stakes
Posted by René M. Stulz (Ohio State University), on Monday, March 23, 2020 Editor's Note: René M. Stulz is the Everett D. Reese Chair of Banking and Monetary Economics at the Fisher College of Business
Posted by Aneliya S. Crawford and Matthew J. Gruenberg, Schulte Roth & Zabel LLP, on Saturday, March 21, 2020 Editor's Note: Aneliya S. Crawford is a partner and Matthew J. Gruenberg is special counsel at Schulte
Competition among public sector borrowers will be more ferocious than ever when 2021 begins, due to supersized borrowing programmes created to deal with the coronavirus pandemic, the European Union’s arrival as big issuer and a
BPCE incorporated a call option into one of its Samurai deals for the first time on Thursday, when it raised about $430m equivalent of non-preferred senior paper, including one social leg.
Credit Suisse took advantage of a ferocious rally in subordinated debt to land its lowest ever coupon for an additional tier one (AT1) in dollars this week. The deal was also the Swiss bank’s debut
Finland has cut the number of its solicited credit ratings from three to two after removing Moody’s, leaving the sovereign with scores from Fitch and S&P Global.
The European Leveraged Finance Association, a trade body of investors, has slammed terms in the $1bn buyout bond for Ancestry.com which cap investor voting rights, hoping to stop the new feature in its tracks and
The European Commission is considering a way to proceed with its €750bn coronavirus recovery fund that will exclude Hungary and Poland. The two countries have stood firm in their opposition over the idea that receipt
The UK's national infrastructure bank set to be launched by the government could focus on a range of green investment opportunities, including setting up a scheme like the US's Property Assessed Clean Energy (PACE) model.
