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The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
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Dalian Wanda Commercial Properties (DWCP) has put together a three-pronged plan to address problems related to its offshore loans, worth close to $1.5bn. The deal itself is giving lenders enough of a headache. But it has also put the spotlight on other loans guaranteed by onshore parents in China, writes Shruti Chaturvedi. -
Reliance Communications, an Indian telecoms business, defaulted on a $300m bond this week, failing to make a coupon payment to offshore investors after being given a seven-day grace period. The company has put together a plan to restructure its debt, but it has been greeted with widespread scepticism. Addison Gong reports.
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Chinese property company Xinyuan Real Estate Co raised $200m from a 2020 transaction on Wednesday, managing to price the deal in a difficult environment.
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Shenzhen International Holdings and Tahoe Group Co have mandated banks to organise roadshows for new dollar bonds.
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Natixis has boosted its distribution capabilities in southeast Asia by bringing in a former BNP Paribas loans banker.
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Energy company Talen Energy priced a new high yield bond on Tuesday, but the firm had to sweeten the deal with an extra year of non call protection for investors as sentiment remains shaky on US sub-investment grade debt.
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