Loans and High Yield

Baring Private Equity Asia has lined up five banks to syndicate a $456m loan that backs its bid for Singapore-based Interplex Holdings.

Deutsche Bank and Australia and New Zealand Bank have lost senior members of their teams in Asia.

Loans for ONGC Videsh and Saka Energi Indonesia have had commitments from banks, with the former likely to close at the end of this week.

A $465m 21 month refinancing for Hindustan Petroleum Corp (HPCL) has gone into general syndication after the borrower mandated banks for the loan in December 2015.

A senior banker from Deutsche Bank’s Asia leveraged finance team has left the firm, according to sources.

As Solera Holdings began on Tuesday in New York the last leg of its $2bn bond roadshow, investors in the US voiced their surprise at how negative some of its European counterparts remain about the success of the deal.

Abengoa, the Spanish firm threatening to become the largest bankruptcy in its country’s history, needs €1.655bn over the next two years in order to carry out its restructuring plan.

Standard Bank has denied a Reuters news report on Tuesday it is ceasing business on the EM desk that focuses on high yield.

Europe’s corporate debt markets are in a phase of taking two steps forward, then one step back. This is a sharp contrast with the US, where investment grade bonds are blazing hot and leveraged finance crawling.

Italy's minibond market may soon host its first Islamic financing, if a deal now in the works comes to fruition.

Element Materials Technology, the UK product testing firm, and Vermaat Groep, the Dutch hospitality contractor, have replies due Tuesday for their respective buyout loan packages.

Solera Holdings, the car insurance software maker, may be on the verge of abandoning its attempt to issue a $2bn high yield bond, according to three market sources in London.