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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Three banks have seen changes to their loan syndication teams in Asia following departures and internal moves. -
Tissue paper maker Youyuan International is tapping the loan market for a $120m 3.5 year facility, marking its return after a gap of two years.
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A former director-level leveraged finance banker at Lloyds joined Société Générale this month on a short term contract.
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Primary issuance of euro corporate bonds is catching up fast with the €134bn issued in the first half of 2015 .
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Chinese tissue paper maker Youyuan International has returned to the loan market after a two year gap and is seeking a $120m 3.5 year facility.
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Chinese auto rental company eHi Car Services, which made its debut in the international bond market late last year, has set its sights on a $150m syndicated loan.
