Loans and High Yield
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Standard Chartered has beefed up its loan syndications team in Hong Kong, hiring two bankers, according to sources. -
Chinese state-owned Shandong Energy Group Co is taking orders for its inaugural international bond, while property developer Gemdale Corp is also in the market for a new debt outing.
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A managing director in Barclays’ leveraged finance team has left for Goldman Sachs, joining the bank’s London office.
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Indian solar company Azure Power Energy is readying investors for a dollar green bond, starting a roadshow this week.
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A senior banker involved in distressed debt trading at Bank of America Merrill Lynch has left.
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Indian renewable energy firm Greenko Energy Holdings returned to the green debt market this week, printing a $1bn dual-tranche trade — Asia's largest dollar corporate green bond to date.
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A relatively stable credit backdrop has encouraged a swathe of Asian issuers to tap the bond market this week, ensuring a blistering pace of issuance.
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The recent boom in high yield bond issuance has left traces of investor indigestion, but French data manager Infopro Digital enjoyed a warm reception for its rare loan-to-bond refinancing deal.
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Paul Cahalan has moved from Deutsche Bank’s leveraged finance desk to head HSBC’s EMEA leveraged finance and acquisition team.
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Pantheon Healthcare, the pharmaceutical developer owned by Permira, is marketing a €300m loan to finance the acquisition of Telematic and Biomedical Services with bankers saying demand for leveraged loans shows no signs of abating.
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Indian power company JSW Energy received board approval last week to raise up to Rp210bn ($3.27bn) from the debt and equity markets.
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Gemdale Corp has tapped two banks as leads on a dollar bond, after recently receiving the go-ahead for the issuance from its board and China’s National Development and Reform Commission.
