Loans and High Yield

CT Corp company Trans Retail is in discussions with several banks for a financing of $550m-$750m. The Indonesian borrower is yet to firm up the size of the facility, as it is still chalking out its capital expenditure plans.

Chinese property developer Fantasia Holdings Group is looking to raise up to $100m from a tap of its existing notes, opening the deal on Tuesday morning.

Shui On Development Holding has increased the size of its fundraising to the equivalent of about $550m from $300m, following an oversubscription from 15 banks.

The stream of dollar issuance from European non-investment grade companies may thin in 2017, market participants believe, as central banks in the US and Europe further diverge their monetary policies.

Swedish private equity firm EQT has sold German-based healthcare group BSN Medical to SCA, in a deal valuing the firm at €2.74bn, following Onex’s announced acquisition of Parkdean Holidays for £1.35bn.

China Grand Automotive Services raised an additional $100m last Friday from a tap of its perpetual non call three notes, to repay debt and for general corporate purposes.

Elysium Healthcare, the property portfolio being spun out of the Priory Group to BC Partners, has cut its sterling loan offering to £133m after reaching a ground rent agreement mid-transaction.

ICE Benchmark Administration, a unit of Intercontinental Exchange, is to assume the secretarial role on the credit derivatives determinations committees previously held by the International Swaps and Derivatives Association.

Xuzhou Hi-Tech Industrial Development Zone State Asset Management Co raised $200m in its inaugural offshore deal, paying up more than expected to appease investors.

The risk of a devastating collapse in oil and gas companies’ share prices, when investors suddenly start pricing in climate change, is one scenario financial regulators are trying to ward off with the launch of new guidelines this week, which are a milestone in the world’s response to global warming.

The story of the leveraged finance market in 2016 was in many ways the story of the LBO — or perhaps more aptly, the non-story.

Senior European fixed income investors believe high yield issuers will find it more difficult to refinance bond debt in the market in 2017, according to a Fitch survey — but around a third also tip the asset class as their favoured marginal choice.