Kames Capital has promoted Claire McGuckin to comanager of the Kames High Yield Global Bond Fund beginning June 1.
Asia (ex-Japan) high yield debt capital market volume has reached $22.8 billion via 59 deals so far this year-to-date, which is more than three times the volume reached by this point last year.
Elan increased the offering from $800 million and priced the bonds at par. It plans to use the proceeds for general corporate purposes, including working capital, capital expenditures, acquisitions and share repurchases.
Intelsat Jackson sold $2 billion in 5.5% senior notes due 2023 and $635 million in add-on 6.625% senior notes due 2022.
Babson Capital and its European unit have raised the new assets for its combined high yield bond and loan platform, bringing Babson’s Global High Yield assets under management to approximately $40 billion.
Elan plans to use the proceeds for working capital, capital expenditures, acquisitions and share repurchases. It sold $600 million in an upsized bond deal last September.
Blackstone/GSO Debt Funds is marketing a €403.55 million collateralized loan obligation, the region's third since the financial crisis.
European high yield bond volume reached a year-to-date record of $58 billion through 124 deals, according to Dealogic.
Barminco sold $485 million and Italcementi sold €150 million in add-on bonds.
Targa drove by with the deal. Eircom and Claire's Stores also priced bonds on the new issue market.
