Loans and High Yield
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Insurance firms are crying out for private debt supply to invest in, according to a BlackRock survey of senior executives in the sector published on Monday. -
Bridgepoint-owned Pret a Manger launched a £589m dividend recap and refinancing deal on Tuesday, as the market’s repricing momentum continues apace.
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Shui On Development made its return to the international bond market on Monday after almost two years, bagging $250m from a new three year unrated offering.
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China Construction Bank Hong Kong, Fantasia Holdings Group and Jinan West City Investment and Development Group were out in full force in the dollar bond market on Tuesday.
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A veteran loans banker most recently with Bank of America Merrill Lynch is tipped for a senior role at Bank of Tokyo-Mitsubishi UFJ.
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Four high yield issuers are aiming to tap into improving sentiment in the corporate sterling market as the Bank of England readies its corporate bond purchase programme for Tuesday.
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One of the biggest Chinese bad debt managers China Cinda Asset Management sealed a $3.2bn deal last Friday, marking the country’s first AT1 from a non-bank entity. In addition, it is also the largest dollar deal from a Chinese issuer so far this year.
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China South City Holdings executed a swift tap of its outstanding $200m 6.75% five non call three notes last Friday, adding another $150m to its coffers.
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A European Central Bank official bigwig ruffled a lot of feathers at the LevInvest conference in Barcelona last week when announcing more regulation for the market, leading to some colourful insults. Luckily some managed to party through the pain. While in London, the Ranger ate some pebbles.
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Three Chinese issuers went out to woo investors on Monday to get ahead of a potential boom in bond supply after announcements from the US Federal Reserve and Bank of Japan last week.
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Bank of Tokyo-Mitsubishi UFJ has hired a banker for its loans team in Singapore, according to sources.
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Spanish-based NH Hotel Groupe — a single B rated credit — printed a €285m bond at a yield of 3.75% on Friday, as leveraged finance investors pile into the primary deal flow.
