Loans and High Yield
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Indonesian property developer Lippo Karawaci is continuing its efforts to push out its debt maturity profile with a new 10 non call five bond. -
BNP Paribas is hoping to win more business from private equity firms across its product lines, following the appointment of James Seagrave as global head of financial sponsors.
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A unit of e-commerce platform Cogobuy Group has close to doubled the size of its debut syndicated loan to $194.5m following an oversubscription from nine banks.
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Delhi International Airport’s decision to launch its bond a month after wrapping up roadshows paid off, with the new 10 year cinching global interest and a more than 6.5x covered book.
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Valmet — Segro — Ecom — Aluminium Bahrain — Morpho
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Ineos-owned chlorvinyls firm Inovyn increased and tightened the size and guidance on its term loan ‘B’ repricing on Thursday afternoon, as the market hopes for some overdue buyout activity.
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Final commitments were due on Thursday for Euro Garages’ €1.16bn of loan facilities backing its merger with European Forecourt Retailer, while New York listed beauty firm Coty has commitments due Friday on its repricing and €325m add-on to its term loan ‘B’.
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Demand for top corporate high yield paper stands to grow as returns are trimmed elsewhere, but research house CreditSights believes lower rated credits may miss the spotlight.
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Chinese property names are trickling back into the syndicated loan market, with Shui On Land becoming one of the first mid-size borrowers to access the market this year. The credit is appealing to banks on a standalone basis, but early signs show that appetite for the sector has also improved. Shruti Chaturvedi reports.
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MMI International has picked four banks to arrange its new 144A/Reg S deal, and is set to meet investors from next week.
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India's Delhi International Airport has launched its second international bond and this time is pushing for a longer tenor.
