Loans and High Yield

Lippo Karawaci has completed an early exchange offer to repurchase its outstanding notes as part of a debt management exercise. The result shows that the firm has come close to what it was expected to raise with the bond swap.

Royal Bank of Canada has made two senior hires in its London credit business as it looks to expand in financials and high yield trading.

Onorato Armatori, the Italian ferry operator, woke up the high yield market with a four day roadshow on Monday for its €300m debut bond. The issuer was followed by four more announcements.

Keurig Green Mountain, the US coffee maker, had replies due on Tuesday for a $6.4bn debt package backing its $13.9bn acquisition by JAB, the German investment group.

Mongolian Mining Corp (MMC) has hired two advisers as it seeks to restructure its outstanding bond. The plan comes as the country struggles with declining commodity prices and lower growth in China.

HNA Group sealed a quick return to the bond market on Thursday with a $35m tap of its inaugural outing from last November.

One of Credit Suisse's most senior leveraged finance bankers is heading back to Switzerland to join the management team of the group's Swiss entity, as it prepares for a partial IPO in the next two years.

The US corporate bond market has once again proved it is the deepest, most mature and most reliable in the world.

Gruppo Statuto’s €59m San Basilio Property minibond has begun trading on the Vienna Stock Exchange.

Thin deals volume from Indonesia last year is expected to continue into 2016 because of pressure on commodities and unfavourable swap rates. But there might be some respite on the way when it comes to pricing loans for state-owned companies, writes Shruti Chaturvedi.

Macau casino operator SJM Holdings is hunting for a HK$25bn ($3.2bn) loan to fund a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

LGC, the UK life sciences company being bought by KKR, tightened price guidance on its €350m euro term loan ‘B’ again, after bringing forward its deadline.