Loans and High Yield
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Conditional books are already oversubscribed for the €240m term loan that funds the Ontario Teachers' Pension Plan's acquisition of Mémora, an Iberian funeral services provider. -
Hong Kong-listed company Samson Paper is back in the loan market, after a two and a half year absence, for a HK$570m ($73m) refinancing.
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Agile Group Holdings has sold a $200m deal off a robust $2.5bn book, with yield-hungry investors allowing the company to price the notes flat to recent double-B rated real estate bonds.
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LVGEM (China) Real Estate Investment Company and HNA Group company Tianjin Tianhai Investment Co are wooing buy-side accounts. The former opened books for its debut on Tuesday and the latter is understood to be holding investor meetings.
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A former Standard Chartered loans banker has resurfaced at Sumitomo Mitsui Banking Corp in a senior origination-related position, said a source.
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One of the most promising vehicles for moving the financial system on to a greener path – risk management – is gathering momentum.
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US borrowers have ramped up issuance in the euro high yield bond market so far this year, but investors described it as a "bad thing" in a recent credit investor survey by Bank of America Merrill Lynch.
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Cruise.co.uk, a UK online travel agent, is buying German peer Kreuzfahrtberater in a deal that brings together the direct lending arms of private equity firms Bridgepoint and Permira.
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India’s market regulator has asked listed companies to disclose any default on bank loans within one working day from the date of the missed payment, in a move to tackle the country’s bad loan problems.
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Agile Group Holdings is marketing a five non call three year dollar bond to refinance part of its outstanding $500m notes from 2014.
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eHi Car Services snapped up $400m from the only dollar bond from China on Thursday, managing to tighten pricing by 37.5bp.
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India's Vedanta Resources extended its maturity profile further this week with its second tender plus new money deal of the year. The issuer opted for size over price, leaving a little something on the table for investors.
