Loans and High Yield

Kaisa Group Holdings has finally struck a deal with creditors over the restructuring of its offshore debt, marking the end to one of the longest-running Asian capital markets saga in recent years.

Biostime International Holdings has begun syndication on a refinancing of a $450m bridge loan taken last year to fund its A$1.386bn ($995m) acquisition of a controlling stake in Swisse Wellness.

China Huarong Asset Management is looking return to the offshore bond market this month, while Sri Rejeki Isman (Sritex) has announced plans for a new international deal alongside a cash tender offer of its existing notes.

Chinese property developer Powerlong Real Estate Holdings has inked a $120m term loan with three banks to refinance its existing notes.

Bookmaker William Hill on Friday sold £350m of unsecured bonds in a sterling high yield market increasingly convinced that the June referendum will support the UK’s European Union membership.

Credit Suisse has appointed a new head of US leveraged loans and high yield bond trading, a source has confirmed.

China Hongqiao Group is in the market for a $700m three year loan that was opened for syndication this week via seven bookrunners, according to bankers working on the deal.

China Oceanwide Holdings has added $200m to its five year bond issued last year, taking advantage of the note’s strong performance in the aftermarket.

Leaving the EU would harm the UK, Europe and the capital markets of both. There. We’ve said it even if you won't.

Sanoma, the unrated Nordic media group, sold a €200m unsecured bond on Thursday to redeem some of its old notes due next year.

Ooredoo — Assura — Hill & Smith — Amor — Vestas

French cable manufacturer Nexans on Thursday returned to the high yield market with a €250m unsecured note that was withdrawn in May 2015.