The market for collateralized loan obligations in Europe is heading for the busiest start since 2008 amid signs issuers may be able to overcome new regulations that are crimping U.S. deals packaging junk-rated buyout debt.
Intermediate Capital Group Plc is in talks to buy a stake in Symington’s, a U.K. food producer which is seeking capital to buy new brands, the Sunday Times reported, without saying how it got the information.
Intermediate Capital Group Plc, Europe’s largest provider of debt for leveraged buyouts, plans to raise a senior-debt fund from institutional investors, the Sunday Telegraph reported, citing the company.
The Standard & Poor’s 500 Index rose following its first three-day slump since September, as gasoline and oil rallied while gold and silver slid. Emerging market stocks fell as a gauge of Chinese manufacturing missed estimates and the Federal Reserve said it may reduce stimulus.