Loans and High Yield
-
Ethypharm, the French pharmaceuticals company, has allocated €287.5m of new loan facilities at a wider margin than it initially proposed. -
Korea’s Asiana Airlines has swooped into the syndicated loan market for a $150m deal, picking two banks to run it.
-
India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.
-
ContourGlobal Power Holdings, a global developer and operator of wholesale electric power generation businesses, is tapping the $400m 7.125% 2019s it sold last year for another $100m.
-
The Ranger went on the hunt for meditating bankers and found that each in the market has their own definition of inner peace.
-
Troubled Chinese property developer, Kaisa Group Holdings, is one step closer to striking an agreement with its offshore debt investors, announcing a new restructuring programme on November 6.
-
China Huarong Asset Management has lined up 15 banks for what will be its second outing of the year, while Beijing Properties is looking to make its offshore debut.
-
Tele Columbus, Germany's third largest cable network, is soon to allocate its loan facilities, having completed a rights issue, while Affidea, the European diagnostics group, has closed its refinancing oversubscribed.
-
Future Land Development Holdings breathed some life back to the Asia ex-Japan high yield bond market this week with a red hot $250m bond that was close to 10x subscribed.
-
The European high yield market was this week on its way to catch up with the entire issuance volume priced in October — but bankers said primary action could vanish with just a 20bp NIP rise.
-
Royal Bank of Scotland has moved its leveraged finance and high yield origination and structuring team out of its investment bank and into its Commercial and Private Banking division, where it will fall inside the ringfence when RBS implements the controversial UK bank segregation rules.
-
Editis, the second largest publishing group in France, has signed €465m of loans to help refinance a €480m facility due to mature in January 2018.
