首页 社会内容详情
科学上网(www.tg888.vip):Wall St banks rush to sell leveraged buyout debt

科学上网(www.tg888.vip):Wall St banks rush to sell leveraged buyout debt

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

电报群 科学上网www.tg888.vip)是一个Telegram群组分享平台,飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

And BofA and Citigroup Inc are leading a syndicate testing investor appetite for a US$5.4bil (RM24bil) debt package to help fund Apollo Global Management Inc’s buyout of Tenneco Inc.

NEW YORK: Banks sitting on about US$80bil (RM355bil) in leveraged buyout (LBO) financing are pushing to get the debt off their books before market conditions deteriorate.

Bank of America Corp (BofA) has begun gauging interest in debt for the US$15bil (RM67bil) buyout of Citrix Systems Inc, one of the largest LBO financings of the past decade.

And BofA and Citigroup Inc are leading a syndicate testing investor appetite for a US$5.4bil (RM24bil) debt package to help fund Apollo Global Management Inc’s buyout of Tenneco Inc.

Leveraged debt markets have been losers this year, and more pain is likely after Wednesday’s inflation report all but assured a big rate increase coming from the Federal Reserve (Fed), but bankers see a window to get deals done.

Junk bond spreads tightened by about 50 basis points in the past week, according to Bloomberg index data. Leveraged loan prices have ticked up in recent days, though still hover near 92 US cents (RM4.08) on the dollar, the lowest since August 2020.

“There’s recognition that things aren’t going to get any better any time soon, so that’s why we’re seeing these LBO financings come now,” said Ken Monaghan, co-head of high yield at Amundi US.

“The market is weaker today (yesterday) after the CPI (consumer price index) print but the tone had improved a bit in the past week, so banks are also looking to take advantage of that. There’s demand for deals at the right level.”

,

皇冠登3出租www.hg108.vip)是皇冠(正网)接入菜宝钱包的TRC20-USDT支付系统,为皇冠代理提供专业的网上运营管理系统。皇冠登3出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让皇冠代理的运营更轻松更安全。

,

Bankers are also betting investors will consider the lack of choice.

The primary loan market had a handful of launches this week, including Apollo’s merger of grocery retailers Tony’s Fresh Markets and Cardenas Markets.

The deal offered a spread of 700 basis points over the Secured Overnight Financing Rate and a price of 92 US cents (RM4.08) on the dollar.

Underwriters committed to the latest round of buyout financing – Deutsche Bank AG estimates about US$80bil (RM355bil) in loans and bonds – months ago, when markets were more stable.

Since then, investors have fled junk bond and leveraged-loan markets as the Fed began raising rates and tightening liquidity to combat the worst inflation in four decades.

Now, deadlines to complete acquisitions are looming, which may force banks to fund deals themselves unless they can find investors in the market.

And depending on the price of the debt when sold – loans have been coming at steep discounts lately – the banks are at risk of losses running into the hundreds of millions of dollars. But that may be their best option.

“If banks don’t successfully price the debt tranches to finance buyout deals they agreed to, they may be stuck holding them on their balance sheets,” said Nichole Hammond, a senior portfolio manager at Angel Oak Capital Advisors.

  • USDT无需实名(www.usdt8.vip) @回复Ta

    2022-09-11 00:24:26 

    当地时间3月21日,乌克兰总统泽连斯基表示,乌克兰在与俄罗斯的谈判中最终会做出哪些妥协将由乌克兰公民投票决定。(总台记者 徐鸿波)评价一下,只有赞赞赞

发布评论