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Double-As to triple-Bs get harder to place amid onslaught of last-minute new issuance
Junior creditors propose cheaper offer to Class A deal
Company's debt woes has seen its credit rating cut another notch
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The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
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Relief that the first European IPO after summer has grown in the aftermarket, though not without large concessions
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BNP Paribas took Pirelli and Citi took Renk as shareholders exited and trimmed stakes on Tuesday night
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The market has become crowded ahead of the US election
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Morale is high as investors say CLO managers should be able to navigate away from trouble, especially amid falling interest rates
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The books will open on Friday morning for the Spanish frozen bakery’s second attempt at a listing, with new cornerstone investor for small part of the deal
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