Latest News

  • MNC tunes in for $200m secured refinancing

    Media Nusantara Citra has enlisted three lenders to syndicate a $200m loan that refinances a borrowing from 2014.

    • 10:45 AM
  • More Chinese issuers plot bonds despite slow approvals

    Four Chinese issuers have recently registered with the National Development and Reform Commission (NDRC) to sell offshore bonds, according to an update on its website last Friday.

    • 09:15 AM
  • Sinochem unit makes slick exit with bigger $270m facility

    Sinochem Hongrun Petrochemical, a crude oil refiner affiliated to Sinochem Group, has increased ts debut international borrowing to $270m from $110m.

    • 05:30 AM
  • Trio prep loan for Partners’ acquisition of SPi

    Private equity firm Partners Group has lined up financing from three lenders to back its acquisition of business process outsourcing company SPi Global.

    • 26 May 2017
  • Melco Resorts Finance finds strong US support

    Melco Resorts Finance on Thursday sold a tightly priced eight year non call three bond to refinance its outstanding 2021s, with its deal over 2x subscribed.

    • 26 May 2017
  • First commitments in for Mu Sigma $400m financing

    A $400m fundraising for Indian data analytics firm Mu Sigma has received commitments from two banks. The leads on the loan had invited lenders to join as sub-underwriters in March.

    • 26 May 2017
  • APL snaps up $300m from record inaugural trade

    Indonesia’s Agung Podomoro Land (APL) priced its maiden offshore bond on Thursday, achieving a number of firsts thanks to its leading position in the country’s property market and its strong financials.

    • 26 May 2017
  • Melita-Vodafone Malta tie up to bring €360m of debt

    Apax Partners and Fortino Capital have mandated banks for a €360m debt package to finance the merger of Maltese telecom firm Melita and Vodafone Malta.

    • 26 May 2017
  • Dr Peng connects with investors on rarity value

    Dr Peng Telecom & Media on Thursday sealed its debut bond, raising $500m from a three year that was over 5x covered. Enthusiastic accounts in Asia and Europe piled in to the deal, enabling the lead to slash pricing by a hefty 45bp.

    • 26 May 2017
  • VietinBank makes quick comeback with $100m facility

    VietinBank, one of the largest state-owned commercial lenders in Vietnam, has returned to the loan market for a fresh money borrowing, just four months after tying up its last fundraising.

    • 26 May 2017
  • HY looks to Lindorff billions but supply to stay limited

    The euro high yield market was dining on small portions this week, and there's little prospect of a sustained return to high volumes — despite the two chunky deals expected soon.

    • 25 May 2017
  • Japanese big hitter steps into US middle market CLOs

    Japan's Norinchukin Bank is understood to have invested in US middle market CLOs for the first time, the latest chapter in the evolution of the bank’s CLO investing strategy, writes David Bell. It accompanies a growing surge of liquidity in middle market lending in what could be a breakout year for the sector.

    • 25 May 2017
  • Towergate tailors high yield deal to morph into Kirs

    A group of private equity firms have joined forces to merge UK insurance broker Towergate and four peers into a new industry player called Kirs, and this week launched a £800m bond to back the move.

    • 25 May 2017
  • Ineos to use some bank debt for Dong acquisition

    Ineos is likely to use some bank debt for its $1bn acquisition of Dong Energy’s upstream North Sea oil and gas business, and is also engaging in a $250m vendor loan note provided by Dong.

    • 25 May 2017
  • Hensoldt appears on levloan radar as market heats up again

    Hensoldt, the KKR-owned defence electronics firm, held a lender call on Wednesday morning for a €170m incremental term loan, following its acquisition of avionics business EuroAvionics. The deal comes as some investors are concerned the leveraged loan market could return to the extreme conditions of earlier in the year.

    • 25 May 2017
  • Four vie for dollar investor attention

    The Asia ex-Japan G3 bond market saw a slew of issuers from a variety of backgrounds hit the market on Thursday, with borrowers from Greater China as well as Indonesia venturing offshore.

    • 25 May 2017
  • Risk retention rules spawn third party growth, engineering

    Risk retention sponsors are hiring third party firms to help accurately value their horizontal strips of US CLO equity, although the growth of bank financing is also encouraging more managers to adopt the vertical approach to the regulation.

    • 24 May 2017
  • PortAventura lines up €620m refi and div recap loan

    PortAventura, the Spanish theme park operator, has scheduled a bank meeting for Thursday morning in London for a €620m seven year term loan ‘B’ refinancing and dividend recapitalisation.

    • 24 May 2017
  • Long investor queues for Heathrow’s HY deal

    UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.

    • 24 May 2017
  • The winners: GlobalCapital High Yield Bond Awards 2017

    GlobalCapital is delighted to announce the winners of its High Yield Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

    • 24 May 2017
  • Park Square Capital poaches Goldman levfin director

    Park Square Capital has hired an executive director from Goldman Sachs into its direct lending team, as well as promoting three partners from within, as it builds out its private debt business.

    • 24 May 2017
  • Triple-Bs dominate in tight corporate bond market

    Corporate borrowers hit the bond market early this week before Thursday’s Ascension Day holiday on the continent, and bankers expect issuance to drop off sharply in the coming days.

    • 24 May 2017
  • Six climb onboard NavInfo €110m acquisition loan

    Chinese digital map provider NavInfo has signed a €110m loan to fund its acquisition of a stake in a European company.

    • 24 May 2017
  • Levfin veteran Hsu tipped for senior role at StanChart

    Lyndon Hsu, the former Asia Pacific leveraged and acquisition finance head at HSBC, is heading to Standard Chartered to lead its levfin business.

    • 24 May 2017
  • The winners: GlobalCapital Bond Awards 2017

    GlobalCapital is delighted to announce the winners of its Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

    • 24 May 2017

More Leveraged Finance

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 5,003.18 13 8.74%
2 Deutsche Bank 4,881.33 25 8.53%
3 JPMorgan 4,826.81 11 8.44%
4 Bank of America Merrill Lynch 4,337.47 13 7.58%
5 BNP Paribas 3,160.34 16 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Deutsche Bank 3,271.23 30 8.16%
2 JPMorgan 3,230.36 27 8.06%
3 Citi 2,868.23 17 7.16%
4 Barclays 2,733.11 21 6.82%
5 Goldman Sachs 2,620.59 22 6.54%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 May 2017
1 JPMorgan 15,642.64 116 12.03%
2 Bank of America Merrill Lynch 11,985.87 100 9.21%
3 Citi 11,558.90 86 8.89%
4 Goldman Sachs 10,013.87 71 7.70%
5 Barclays 7,309.82 50 5.62%