Loans and High Yield

Indonesian television broadcaster MNC Sky Vision has launched the senior syndication phase of its $275m two tranche borrowing.

Natixis and Korea's KB Insurance (KBI) have signed a pact to co-invest in infrastructure and aviation debt that will be originated by the French lender.

European high yield funds enjoyed their biggest ever month of inflows in March, with €3.2bn, according to JP Morgan research.

The International Swaps and Derivatives Association's EMEA Determinations Committee has agreed to determine whether Norske Skog has triggered a restructuring credit event.

Cirsa, the Spanish gambling company, is offering a rare single-B rated high yield issue, with bank meetings in London on Monday and Tuesday for €300m of five year non-call two notes.

Fortune Oil PRC Holdings, which is in the market for a $240m three year loan, has received one commitment so far with a score of lenders expressing interest in the credit.

Tata Power’s subsidiary Bhira Investments has moved the deadline for commitments for a $460m refinancing to late April.

The head of Natixis’ Asia Pacific debt platform Devan Selvanathan is leaving after more than four years at the bank, according to sources close to the move.

China Aoyuan Property Group hit the market for a three year dollar bond on Monday in what is only the fourth transaction in the currency this year from the country’s high yield property sector.

HLD Europe, a small and recently founded private equity firm incorporated in Luxembourg and backed by wealthy French investors, will raise up to €40m through a debut five year Euro private placement.

NBTY, the US vitamins and nutritional supplements manufacturer owned by Carlyle, had bank meetings in London this morning for its $1.8bn refinancing package, with another scheduled for Monday in New York.

Panama's Global Bank Corp has hit the Asian loan market for a $104m dual-tranche syndicated facility to refinance existing debt.