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LevFin

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  • According to the statement emailed by Cathay Financial Holdings to GlobalCapital Asia, the Ultrasonic loan was signed among Nomura and the participants in August 2014. A month later, the CEO of the company Qingyong Wu went missing after which the company defaulted on its obligations.
  • Legal action launched by six Taiwanese lenders against Nomura for a syndicated loan that went into default, has unearthed simmering conflicts in the tightly knit Asian syndicated loan community. The fallout will have ramifications for Nomura and the wider loan market, writes Shruti Chaturvedi.
  • French telecoms firm Altice and US software firm Veritas are returning for a second stab at the European levfin market — after the former shunned euros for dollars in April and the latter failed to sell its LBO debt in November.
  • Zhongyu Gas fires up refi — Trans Corp hit syndication — Cheng Loong raising Vietnam funds — Global Bank gets bigger loan
  • After three months of pumping issuance and tightening spreads, the moment has arrived. On Wednesday, the European Central Bank finally entered the investment grade corporate bond market as a buyer.
  • The Asian ex-Japan high yield bond market received a boost on Wednesday with Samvardhana Motherson Automotive Systems Group and Xuzhou Economic and Technology Development Zone State-Owned Assets Management (Xuzhou ETDZ) opening books for their dollar debuts.
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