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After last year’s record-setting pace of U.S. bond and loan issuance, activity has slowed in the biggest leveraged finance market, partly because of diminished need to refinance. Click here to read the entire supplement.
After last year’s record-setting pace of U.S. bond and loan issuance, activity has slowed in the biggest leveraged finance market, partly because of diminished need to refinance. In Europe, funding costs hit an all-time low, though borrowing was also less than in 2013. In both markets, funding costs remained near all-time lows while riskier structures – like second lien – and looser [...]
Deluxe Corp. plans to repay $253.5 million of bonds due Oct. 1 with cash and its revolving credit line, CFO Terry Peterson said. Click HERE for more.
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Freescale Semiconductor will evaluate whether to reprice a term loan when the cost of doing so drops in September and may refinance bonds next year as it seeks to further cut interest costs, said Treasurer Steve Goel. Click HERE for more.
China’s bloated financial sector has become a major risk for the global economy. A surge in credit, running almost unchecked from 2009 through 2013, has left banks overextended. Compounding the problem, a thinly capitalized and lightly regulated shadow banking industry accounts for a growing share of lending. China’s leaders Xi Jinping and Li Keqiang face [...]
Global sales of structured notes linked to inflation fell to the lowest in 12 years as sluggish price growth in the world’s biggest economies deterred investors. Banks sold $72 million of the securities in the first quarter, 66 percent less than the previous period and 10 percent of the total issued in the first three [...]