Loans and High Yield

Spanish builder Neinor Homes will accelerate a land purchase programme after signing a new loan with JP Morgan, it said in a regulatory filing on Tuesday.

Chow Tai Fook Enterprises (CTFE) has rolled out a HK$17bn ($2.17bn) loan for its acquisition of Alinta Energy.

Marlin Enterprise is making a quick comeback to the loan market to refinance a borrowing from November 2015. It is offering lower returns for a deal with a longer maturity.

Two Indonesian borrowers have managed to increase short-dated dollar loans after impressive demand in syndication.

Low-cost telecoms firm Lebara broke a two week silence in the euro high yield market with its first bond.

MUFG said on Thursday that it had hired former HSBC banker Jeff Bennett as head of leveraged corporate origination and structuring, part of the bank’s longer term expansion of its leveraged finance and investment banking businesses in EMEA.

BC Partners Is buying Promontoria MCS Groupe, the French distressed loan firm and high yield borrower. The funding will refinance its floating rate notes with new bonds.

High yield bond portfolios have been left dangerously undiversified under central bank policies, meaning investors have little margin for error, French investor Tobam warned this week, ahead of the Jackson Hole meetings in Wyoming.

China Jinmao Holdings Group returned to the market on Thursday with a tap to a bond it sold in June, hoping to reach its regulatory cap of $500m.

Former French prime minister François Fillon will become a new partner at Tikehau Capital in September, a source told GlobalCapital on Wednesday, with a ‘full dedication’ job to increase the firm’s domestic business and international reputation.

European investors had just 12 days between corporate bond deals this August as issuers looked to take advantage of the strong issuance conditions still in effect.

Indonesian textile company Sri Rejeki Isman (Sritex) has approached offshore banks for a $100m three year syndicated loan.