Loans and High Yield
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Jefferies has reorganised its leveraged finance division, with two senior managers understood to have left the firm. -
The Islamic Republic of Pakistan has launched its third syndication in just the past year, seeking a $150m financing this time around.
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Spain’s troubled renewable energy multinational Abengoa told GlobalCapital on Monday it could announce a joint plan with creditors to avoid bankruptcy as soon as this week — some 15 days before its March 28 deadline.
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The European leveraged loan market has ground to a halt, with the pipeline looking thin and the few deals in the market struggling.
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Holding Slovenske elektrarne (HSE), the largest electricity provider in Slovenia, will begin roadshowing its high yield debut bond on Tuesday, as market conditions recover from a bruising start to the year.
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Singapore real estate firm Ascendas ventured into the country’s domestic bond market on Monday with a S$100m ($72.8m) offering that was largely driven by reverse enquiry.
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The government of Mongolia is testing the market’s appetite for a $200m two tranche loan that has launched into syndication.
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Saka Energi Indonesia, the upstream oil and gas arm of state-owned Perusahaan Gas Negara, has signed its $600m loan, finding demand from seven lenders in syndication.
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Four banks are favourites to win the mandate for a $500m borrowing by the Democratic Socialist Republic of Sri Lanka, which sent out a request for proposals for the loan in June last year.
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Ping An Real Estate Capital has set out for a $200m loan that comes with an unspecified greenshoe option.
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Russian gas company Gazprom has raised €2bn ($2.2bn) from Bank of China, marking its largest fundraising directly from a single financial institution and its first bilateral loan from a Chinese lender.
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ED&F Man — Sharjah Islamic Bank — Mauser — Sports Direct
