Loans and High Yield
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The corporate bond market has endured many disruptive headlines in recent years, but it has remained resilient, thanks to investors sticking to considering credit fundamentals as the most important factor when evaluating their strategies.
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Frequent issuer Tewoo Group is readying a comeback to the offshore bond market. It has mandated firms to arrange a roadshow at the end of the week. -
China Singyes Solar Technologies Holdings started marketing a 364-day dollar bond on Wednesday while Singapore-listed water and wastewater treatment company Citic Envirotech took bids for a new senior perpetual in Singapore dollars.
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Dominik Felsmann has landed a job at ABN Amro as head of leveraged finance Germany. The bank has also named Arjan Van Rijn as global head of leveraged finance origination.
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UPC Holding, the telecoms company owned by Liberty Global, and UK car glass specialist Belron announced multi-currency term loan offerings on Tuesday.
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Tata Motors has enlisted six banks for a $850m refinancing exercise that will consolidate two earlier borrowings.
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The final allocations are out for a $295m multi-tranche facility for Aster DM Healthcare. The loan, which contains tranches with tenors of up to 10 years, attracted a mix of Middle Eastern and Indian banks.
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The operator of Hyberabad’s international airport is planning a visit to the dollar bond market.
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Three high yield bond borrowers will be roadshowing for a combined volume of €1.2bn of new high yield bonds this week, with a mixture of familiar refinancing and leveraged buyout funding.
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Europe’s leveraged loan market was set for more than €4bn of offerings this week, as borrowers revel in friendly pricing conditions. Large facilities such as the €1bn loan for DomusVi that was launched on Monday could achieve the tightest prices, said bankers.
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Yanggu Xiangguang Copper has rolled out a $100m syndicated loan with one lender leading the deal.
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China’s Haier Group Corp will meet investors this week to pitch its debut dollar bond.
