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  • English law loan documents are not likely to be scrapped if the UK leaves the European Union, but there will be changes to the docs in the event of a Brexit.
  • Barclays has hired a managing director from Morgan Stanley to join its distressed debt business.
  • Biostime International Holdings’ refinancing of a $450m bridge loan has been oversubscribed in syndication.
  • Volatility has reigned following the UK’s decision to exit the European Union last Friday. But market participants in Asia are now hopeful that the region’s high yield market will be a new go-to place for investors trying to redeploy their funds away from Europe.
  • Singapore water treatment firm Citic Envirotech is seeking a tap of the $175m 5.45% perpetual notes that it originally sold last year, becoming the first issuer in Asia to test the G3 market since Brexit.
  • Real estate developer Vietnam Investment Group Joint Stock Co (VIG), which signed a $200m three year loan last year, is understood to be considering prepaying the money.
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