Loans and High Yield

The Reserve Bank of India has come out with a new framework for raising offshore debt, with one of the rules preventing non-banking financial corporations (NBFCs) from issuing anything other than rupee denominated debt.

Royal Bank of Scotland has signed up three buyside firms to fund a planned expansion of its UK mid-market private equity origination business. AIG Asset Management, Hermes and M&G are all entering the sector for the first time, and will have privileged access to new originations from the British bank.

Entertainment One, the FTSE 250 UK media company, priced £285m of senior secured notes at the tight end of price talk on Friday (December 4), after finishing a five day roadshow.

Vivalto Santé, the French private health service provider, has announced €228m of loans for its leveraged buyout by Mubadala Development Co, the Abu Dhabi Government owned investment and development company.

The loan market will gather in London on Wednesday, December 9, for the Loan Syndicate Manager’s Forum's charity carol service.

The Ranger was relentless in hounding busy bankers last week - no matter what activities they were already engaged in.

A fundraising for a unit of China National Chemical Corp is set to increase to €630m ($683.6m) from the launch size of €600m, after more than 10 banks piled into the syndicate.

HSBC’s head of capital financing, Europe, is leaving to pursue “external opportunities” on the buy side.

China Nuclear Engineering Group Corporation (CNEC) is hoping to launch what will probably be the last dim sum bond of the year. However, the borrower is struggling to get the debut off the ground, as it is pushing to issue at a level that is much lower than market rates, several sources close to the deal have told GlobalRMB.

A bank meeting for lenders interested in a $130m leveraged buyout loan for LVMH’s Asian investment arm has been postponed, according to sources.

Has 2015 been a good year for M&A, or a disappointing one? It depends who you ask.

Europe's high yield market has made a remarkable comeback in the past fortnight, crowned this week when Ball Corp, the US can maker, priced a €2bn-equivalent bond, highlighting the bullishness of euro markets inflated by QE, writes Victor Jimenez.