Guest contributor Vladimir Jovkovic, Credit Analyst Issuance in the high yield bond market in Europe this year through October has already exceeded the total issuance for the full year in 2009. The novelty since the reopening of the market in…
Category Archives: LBO
-
How Secure is Secured? The new trend in HY issuance
- Topics
- high yield, LBO
Posted November 16th, 2010
-
Travelling back from Sunday’s draw between Liverpool & Arsenal (it was never a sending off), I noted Liverpool Football Club had again made the business pages for all of the wrong reasons (see here). The current battle between RBS, the…
-
As many of you will be aware we have been concerned about the high yield market for a while now. Historically tight spreads do not, we believe, adequately reward investors for the risks that they are being asked to take…
-
Richard wrote on December 4th (see here) about a potential gigantic leveraged buyout (LBO) for Home Depot in the US. Since then we have seen the company’s CEO describe the rumours as an ‘unfortunate distraction’ and issue $5bn worth of…
-
Fed on US housing: “gradual” cooling becomes “substantial” cooling
- Topics
- LBO, private equity
Posted December 13th, 2006
The Fed’s FOMC policy statement released last night was notable for a significant downgrading of it’s assessment of the US housing market. In a world where economists look for even the smallest changes of emphasis in the wording of the…
-
There are rumours in the market that private equity firms are considering bidding for US DIY giant Home Depot. Home Depot’s market capitalisation is currently $78bn, so any private equity bidders would have to pay somewhere in the region of…










