Loans and High Yield

Praesidiad, a Belgian perimeter security company, launched the term loan for its acquisition by private equity firm Carlyle on Monday, in what was a busy week for the market. More than €2.5bn of loan deals have been launched in the past four days.

Adani Abbot Point Terminal, a unit of Indian conglomerate Adani Group, is hunting for an A$250m ($199m) syndicated loan, with the deal open to new lenders.

Steel Pipe Industry of Indonesia (Spindo) is courting investors in Asia and Europe this week, in pursuit of its first international dollar bond.

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.

India’s HT Global IT Solutions Holdings is returning to the dollar market for a tap of its debut notes sold last summer.

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.

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.

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.

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.

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.

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.