Loans and High Yield
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Citi has hired a senior high yield bond salesman to its team in London, after his recent departure from BNP Paribas. -
GCL-Poly Energy Holdings, which makes polysilicon and silicon wafers for solar power generation, has picked two lenders to arrange a $200m fresh money borrowing.
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Lippo Malls Indonesia Retail Trust has opened books for a Singapore dollar perpetual non call 5.5 year offering, as two of its compatriots also hit the offshore market.
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Japfa Comfeed Indonesia is one of three names from the country in the debt market on Monday, opening a tap of its five non call three bonds printed three months ago.
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Shui On Development (Holding) has become the latest Asian issuer to announce a senior perpetual bond, while Brightoil Petroleum (Holdings) has hired two firms to work on an offshore outing.
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Indonesia’s Soechi Lines opened books for a five non call three year on Monday morning, its inaugural dollar transaction.
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The European leveraged finance market was calm on Friday, despite the Conservative Party losing its majority after Thursday's UK general election and being forced to cobble together an agreement with a Northern Ireland political party to form a government.
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AL Learning, an education company backed by private equity firm Advent International, has approached banks for a S$178m ($128.8m) loan through three mandated lead arrangers and bookrunners.
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HNA Group company Hainan Airlines Holding Co will meet investors in Hong Kong next week for an unrated senior bond denominated in dollars
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China Evergrande Group is readying investors for an exchange and new money offering, as the property company looks to deleverage.
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A $280m refinancing for Kingsbridge, the holding company of cable TV service provider Asia Broadcast Satellite (ABS), has been allocated among 14 lenders.
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The cottage industry of firms providing European high yield fund managers with digital bond terms databases is growing. Street Dilligence has joined DebtExplain, Dealogic and CreditSights. Each aims to make investors wiser and better able to make quick investment decisions. High yield bankers have predictably been less enthusiastic about their rise, even though the firms claim there are benefits for them, too.
