Loans and High Yield

Indonesian company Asia Pulp & Paper’s high profile default 16 years ago appears to be still fresh in the minds of investors. Its unit APP China Group sealed a modest $150m bond on Tuesday, but had to entice the buy-side with a juicy yield and a short tenor.

Geo Energy Resources is making a second attempt at selling a dollar bond, two months after the Indonesian coal producer decided to cancel its transaction.

China Aircraft Leasing Group Holdings (CALC), which made its offshore loan market debut last year, has allotted its new $425m borrowing after bumping it up.

Indonesia’s Indika Energy is hunting for more dollar debt, six months after securing $265m on the back of a nearly five times covered book.

HSBC has hired a former Bank of America Merrill Lynch banker to its leveraged and acquisition finance team in Hong Kong.

Genuine Parts Company (GPC) will issue $2bn of bonds and loans and ramp up the size of an existing revolver to fund its purchase of France’s Alliance Automotive Group (AAG) when it buys the auto parts wholesaler from private equity towards the end of this year.

Norway paper producer Norske Skog has almost won enough support for its last ditch attempt to stave off insolvency, after the majority of holders of it s senior bonds due 2019 agreed to the firm’s recapitalisation proposal with just days left until the final deadline.

France’s HomeVi is set to launch a €1.15bn loan package into syndication to refinance its outstanding 2021 bonds, months after the company’s private equity owners entered into exclusive talks to sell the elderly care services provider.

US private equity firm Hellman & Friedman has made a $5.3bn-equivalent takeover offer for digital payments company Nets, with the Nordic company urging investors on Monday to accept the deal.

China’s Yuzhou Properties pulled off a $300m bond on Monday, navigating a choppy equities market that saw stock prices of many Hong Kong-listed developers plunge amid cooling measures from the Mainland regulators.

Paper and pulp company APP China is testing investors’ appetite for an unrated dollar bond, about 15 years after its Indonesian parent Asia Pulp & Paper Group defaulted on close to $14bn of debt.

Chinese state-owned Qinghai Provincial Investment Group Co is returning to the debt market for the third time in 2017, but is opting for a short-term note this time around.