Debt

Deals analysis

  • Novel debt restriction helps property issuer

    26 February 2011

    A small Argentinian property company has issued high yield despite its size and developers’ typically unsteady cash flows

  • High yield benchmark for French corporates

    22 February 2011

    Labco's complicated ownership structure introduced extra considerations under the country’s regulations

  • Debt financing first for India inbound M&A

    20 February 2011

    India’s biggest technology M&A deal to date has been backed by a rare debt-based financing structure.

  • German high yield

    20 February 2011

    Following an amendment to the German Bond Act, German companies are embracing high yield. Read on to find out how the Act has changed issuances

  • Advent drives high yield’s acquisition finance trend

    18 February 2011

    The financing for Advent’s acquisition of The Priory Group has highlighted the continuing trend of high yield being used for acquisition finance

  • Shui On’s offshore synthetic bond explained

    18 February 2011

    Shui On Development’s second round of high yield bonds feature carve-out baskets on its covenant package – a sign that covenants are becoming more issuer-friendly on the burgeoning structure

  • European sponsor-high yield standardizes

    15 February 2011

    Swissport’s recent high-yield offering suggests the European market’s record year has not brought a throwback to the aggressive, covenant-lite provisions of 2006

  • New carve-out in Chinese property bonds

    10 February 2011

    China SCE Property’s high yield issue has carved-out permanent offshore non-guarantor subsidiaries but included incurrence baskets slated for the same subsidiaries

  • Low coupons and financing spillover drive US high yield

    03 February 2011

    The volume of high yield issued in the US reached a record high in January. Lawyers say this was driven by two things: more corporates taking early advantage of low coupons to refinance debt maturing from 2012, and a spillover of acquisition financings started last year

  • High yield benchmark for French corporates

    02 February 2011

    Labco's complicated ownership structure introduced extra considerations under the country’s regulations on this €500 million high-yield bond

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