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BNP Paribas places full capital stack, with broadly syndicated investment grade tranches
There is no crock of equity gold at the end of the rainbow
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Several managers are marketing deals at 135bp -
Young firm impresses again with tight AAA print, although mezz lands wide of guidance
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Strong investor demand supports further tightening, but small order sizes keep it gradual, say bankers
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Managers welcome a softening in secondary loan prices but margins continue to be squeezed
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Seven deals could be priced this week as spreads are expected to tighten further
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Private equity sponsors are feeling the pain of a valuation mismatch. But an eager CLO market can help them as they alter their goals
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