Chart of the Week – 9/8/2014
Libor Day Pent-up demand post-Labor Day drove high-yield volume to its best week since early June. Year-to-date issuance is $208.8 billion – squeaking by last year’s $206.1 billion. … Login to Read More...
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Markit Recap – 9/8/2014
Argentina’s interminable struggle with bondholders continues, but at least one element of the saga has reached a resolution. The credit event auction was held on September 3, and the final price was determined as 39.5. As we can see from the chart,this was in line with market expectations. Markit’s composite recovery rate was around 40%…
The Pulse of Private Equity – 9/8/2014
Going back several quarters, larger PE funds have performed better than smaller funds, generally speaking. Funds of at least $1 billion outpaced smaller size buckets across the 1-, 3-, 5- and 10-year IRR horizons through 4Q 2013,… Login to Read More...
Loan Stats at a Glance – 9/8/2014
Source: S&P Capital IQ Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Stat of the Week – Milk Price
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Leveraged Loan Insight & Analysis – 9/8/2014
The average yield assuming a three year term to repayment, on first-lien institutional tranches is at 5.56 percent so far in 3Q14, up from 5.17 percent in 2Q14. Moreover, 30 percent of first-lien term loans have priced at a yield of 6 percent or above,… Login to Read More...
The Back to School Issue
With some anxiety, we watched our five-year-old daughter walk up to the school bus yesterday morning, on her way to the first day of kindergarten. As she climbed aboard, we overheard one of her classmates ask, “Is that your grandfather?” As a pesky questioner ourselves, we admired the young boy’s pluck. Although it injected a…
Chart of the Week – 9/1/2014
Uncle Bucks Whatever the investing climate is for the balance of the year, 2014 will see the best fundraising for PE sponsors since 2008. Source: Thomson Reuters Buyouts… Login to Read More...
Markit Recap – 9/1/2014
Russia and India have long had a close relationship, going back to the days of Nehru and Khrushchev. But, though links between the two countries remain tight, the same can’t be said of their relative creditworthiness…. Login to Read More...