Loans and High Yield
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First-timer Far East Consortium International found markets plane sailing on Wednesday, managing to raise $300m thanks to no other high yield names distracting investors. -
KKR-backed Pillarstone, the non-performing loan acquisition and advisory company, has picked a chief operating officer after starting operations last year.
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Europe’s investment grade corporate bond market has surprised few with the intensity of its start to autumn as issuers begin a run of primary activity that shows little sign of abating.
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Just a day after DBS sealed a $750m deal from a Basel III compliant additional tier one note, the bank capital market has seen some fresh action with United Overseas Bank eyeing a tier two offering.
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Royal Industries Indonesia, which failed to pay the first principal instalment of a loan borrowed in June 2015, has asked banks for additional funds to help resolve its liquidity problem.
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Two Chinese high yield names made their mark on Tuesday, with Road King Infrastructure bagging $500m and Haikou Meilan International Airport netting $200m from its first G3 bond offering.
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Electricite du Laos Generation Public Company (EDL Gen), which started bookbuilding for its debut dollar bond in Thailand last Friday, has settled on raising $312m from three tranches, according to a source.
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Manganese producer Asia Minerals has approached the syndicated loan market for a $61m two tranche borrowing.
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Haikou Meilan International Airport Company launched its inaugural dollar bond on Tuesday, with initial price guidance set in the 5.35% area.
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China’s Yestar International Holdings Company and South Korea’s Nonghyup Bank have kicked off investor meetings for their respective bond offerings.
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Greenland Holding Group raised $300m on Monday with a deal that was priced through its curve — a feat that was possible despite the firm being hit with a ratings downgrade earlier this year.
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Jiangsu NewHeadLine (NHL) Development Group bagged $100m on Monday with a tap of its existing $200m 6.20% 2019s, seizing one of the last windows of issuance before a busy September begins.
