Loans and High Yield

Ball Corporation, a US metal packaging and aerospace technology company, took advantage low rates this week to cut its financing costs with a successful €1.3bn dual-tranche issue that was increased from €900m.

Del Canto joins Berman at agora — O'Higgins to retire from ICBC Standard — Miller becomes new IBCM head at Credit Suisse

Fitch Ratings has hired a former leveraged finance banker at MUFG to join its EMEA business development team.

French insurance brokerage April, a CVC portfolio company, has returned to the leveraged loan market to refinance the acquisition debt it raised in April, taking advantage of squeezed credit spreads and the expiry of its six month call protection.

Generic pharmaceuticals firm Teva has released price thoughts for a $1.5bn bond refinancing, which will term out its maturities. But the levels on offer show potential opioid litigation is still weighing on the firm’s capital structure. The Israeli company settled with a group of US states at the end of October, sending its shares and bonds surging, but the firm faces a trial in New York next March.

Commerzbank’s corporate clients division will focus on small and medium-sized enterprises (SMEs) and cross-selling over pure growth, as it continues with its latest strategic plan.

Private equity firms have found plenty of investment opportunities in India this year, with their focus on the country set to increase as the crisis around non-banking financial companies unfolds. This means that leveraged loans bankers are getting ready for more action, writes Pan Yue.

Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.

Gome Retail Holdings, a Chinese retailer of electronic appliances, has cancelled an exchange-plus-new-money transaction, after investor feedback on pricing pointed to a higher yield than it wanted to pay.

Fabianna Del Canto, who recently left Barclays, has joined agora, the capital markets fintech founded by fellow Barclays veteran Charlie Berman.

India’s Tata Motors was dealt a blow by the market on Wednesday, as it was forced to contend with protests in Hong Kong as it tried to sell a dollar bond.

Crédit Agricole has promoted its head of debt syndicate to a larger global role.