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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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How to get rid of old friends -
Using sleeping SLL structures could help companies cope when they need more time
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Primary spreads have so far withstood geopolitical risk and borrower concerns, but the balance is shaking
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The manager’s first new issue since 2022 was priced tight across the stack
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The way PE firms operate is changing and banks are being forced to adapt
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Even a small tightening could unlock huge dealflows, but investors appear to push back amidst a wave of issuance
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