Loans and High Yield
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ANZ has hired Hodaka Shoji as head of specialised finance for Japan, wooing him from Mizuho AsiaInfra Capital (MAIC) in Singapore. -
The Singapore-based arm of IDFC Securities has appointed a chief executive officer, a newly created position after it obtained a capital markets services licence for the city-state.
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India’s HT Global IT Solutions Holdings is returning to the dollar market for a tap of its debut notes sold last summer.
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A €600m two tranche bond issue to finance the Spanish retailer Cortefiel’s LBO will be the euro high yield market’s starting shot for the second half of the year.
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The European leveraged finance market is set to contend with loan deals approaching €4bn for the start of September. Over half of that is for the German pharmaceutical firm Stada — a deal that could help make funding more expensive for everyone else, writes Victor Jimenez.
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Swedish property manager Fastighets AB Balder printed the year’s first hybrid bond with speculative grade ratings on Thursday, after investors oversubscribed its €350m offering by 4.5 times.
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Banks are making efforts to boost their sponsor coverage in Asia, responding to the growing prominence of private equity funds in the region and a shift in business ownership to a younger generation that is more open to selling stakes. Shruti Chaturvedi reports.
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Philippine conglomerate Ayala Corp is gauging investor interest in a debut fixed for life perpetual, which would be the first international corporate issuance from the country this year.
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Neinor Homes, the Spanish builder, has chosen its first international bank as a lender this week, instead of a domestic bank. Its CEO, Juan Velayor, explained why to GlobalCapital.
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Corporate bond investors in Europe have shrugged off wider market noise surrounding increased tensions in the Korean Peninsula, and are instead focusing on whether they might be able to find any bargains at all in the September round of issuance.
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Indian company Srei Equipment Finance is seeking an up to $150m five year loan from the offshore market.
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Fastighets AB Balder, the Swedish property manager, began roadshowing for a €350m hybrid bond in euros and Swedish kronor on Tuesday. It may become the second Nordic borrower to issue in an otherwise quiet euro high yield market during the summer break.
