Loans and High Yield
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Pattern Energy, a US renewables roll-up, priced its debut high yield bond on Friday, after the $350m offering had been marketed to investors last week. -
General syndication has begun on loan facilities backing Mid Europa Partners’ acquisition of Romanian retail chain Profi Rom Food.
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Biostime International ventured out to the debt market on Monday with a tap of its outstanding five year bonds. Thanks to strong momentum, the issuer decided to raise $200m instead of the initial target of $150m.
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Shui On Land secured a $500m four year bullet on Monday from an order book more than six times subscribed, showing the continued interest from investors in Chinese property names for the right price.
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Fujian Zhanglong Group Co is tapping its three year notes sold at the end of 2016, taking advantage of one of the last issuance windows before the Lunar New Year.
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Neerg Energy is set to become the second Indian corporate to sell a dollar green bond, having hired six firms to arrange meetings with global accounts on Tuesday.
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Metals and mining company Vedanta Resources jumped back into the international market on Tuesday with a 5.5 year transaction, hoping to secure a dollar deal before markets become quiet for the Chinese New Year holidays.
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ANZ has moved an executive director to the position of acting head of its loan syndications operation in Australia, as the incumbent steps into a new role.
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Sky Bet, the UK gaming company owned by private equity firm CVC, has informed investors that it is planning to cut margins on its existing term loan.
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Discount retailer B&M will launch on Tuesday its £250m debut high yield bond in a so far ‘hard Brexit’-proof sterling market — but some investors are already warning about a potential glut of supply.
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Sinosteel International Holding has approached the loan market for a $120m two year deal. The money is to refinance a loan from 2014, which falls due next month.
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Hong Kong Airlines was among the many borrowers that squeezed through a narrow issuance window last week before Chinese New Year. Its first senior perpetual, which has been sometime in the making, soared with strong private bank demand.
