Loans and High Yield

Alliance Data Systems, the unrated US private label credit card and marketing services provider, is set to end meetings with European investors on Thursday for €300m of unsecured notes, its first euro issue.

Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.

Santander has completed an overhaul of its London loans team, with four new hires that it hopes will lead the bank to the forefront of Europe’s corporate finance business. The Spanish bank wants a bigger role in high level acquisition finance in western Europe and is also investing in CIB divisions in Asia, eastern Europe and the US.

Beijing Properties and Miclyn Express Offshore (MEO) are making their inaugural foray into the offshore bond market with dollar-denominated offerings.

Clifford Chance has made a senior appointment to its high yield business in Asia with Alexander Lloyd set to rejoin the law firm in January 2016.

Singapore-listed property developer Oxley Holdings has closed its S$110m ($80m) bullet loan with three lenders joining the syndicate.

Global Blue, the Swiss tourist VAT refund company, is holding bank meetings today (November 11) for a dividend recapitalisation loan.

Swissport, the world’s largest air cargo handling company, has bank meetings today (November 10) in New York and tomorrow in London for €1bn-equivalent of new loans for its acquisition by HNA, a Chinese private equity firm.

Istituto Centrale delle Banche Popolari Italiane (ICBPI) sold its €1.1bn PIK note on November 6 in what looked like a comeback week for the high yield bond market — but it turned out to be a short-lived pick-up.

ContourGlobal Power Holdings, a global developer and operator of wholesale electric power generation businesses, has released price guidance on the $100m tap of its $400m 7.125% 2019s.

Citi has made the changes to its Australia and New Zealand debt franchise, promoting James Arnold and Ian Campbell to lead the business.

Birla Carbon, part of the India’s Aditya Birla Group, has shortlisted banks to supply a $925m dual-tranche facility that will replace a loan it borrowed in 2011.