Loans and High Yield
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Ethypharm, the French pharmaceutical firm, has allocated a €337m seven year term loan ‘B’ at tighter pricing than initial guidance, following a heavy oversubscription. -
A single bank has launched into syndication a $70m three year facility for Bank for Investment and Development of Cambodia (BIDC).
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Asia’s bond markets have remained resilient despite a Federal Open Market Committee meeting this week and rising concerns about the UK referendum on European Union membership. With deal flow building up for next week, bankers said Asian issuers stand to benefit from volatility in Europe, writes Narae Kim.
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US software firm Veritas allocated its leveraged buyout loan package this week, wrapping up a deal that has lasted over six months and coloured views of the leveraged finance market’s risk appetite.
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Biostime International Holdings priced its maiden international bond this week as it builds its presence in Asia's capital markets.
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PPHE Hotel Group has refinanced loan facilities with Aareal Bank backing its interests in two of its London, and all of its Dutch, hotels.
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As European leveraged finance markets skid towards next week's UK referendum on EU membership, French glass bottle maker Verallia this week combined bonds and loans to cut its debt costs and pay Apollo Global a dividend.
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Tele Columbus, Germany's third largest cable operator, is marketing a €125m five year loan to replace its second lien facility.
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Reliance Big Entertainment US, part of India’s Reliance Anil Dhirubhai Ambani Group (Reliance ADAG), is tapping lenders for a $100m three year trade with one bank at the helm.
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Europe’s investment grade corporate bond market has almost caught up with last year’s volume, after a dire start to the year, but issuance in the next nine days is likely to be very quiet, leading up to the Brexit referendum on Thursday June 23.
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US fashion brands group PVH Corp on Tuesday sold its first bond in the euro high yield market, amid growing concerns that the UK could vote to leave the European Union.
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An auction this month to settle 2014-form credit default swaps referencing Norske Skog will comprise separate auctions for all four maturity buckets, the International Swaps and Derivatives Association’s EMEA Determinations Committee (DC) has confirmed, but 2003 updated contracts will only be settled in the shortest dated of these auctions.
