Loans and High Yield

China Cinda Asset Management has sent out a request for proposals for a loan of around $5bn to back its bid for the acquisition of Nanyang Commercial Bank, according to sources.

The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.

The European leveraged loan market has experienced a subdued October, with issuance not yet even up to August's level.

Indonesia’s Trikomsel Oke announced this week that it won't be able to pay interest on two Singapore dollar bonds owing to financial difficulties. If it happens, it would be the first case of default in the Singapore bond market since the global financial crisis, and is expected to rock the city-state’s debt market.

Groupe Autodistribution, the French car parts distributor, began a roadshow on Monday for €237m of pay-if-you-can notes to fund its acquisition by Bain Capital.

Ethypharm, the French pharmaceutical company, is holding a bank meeting today (October 26) for €285.5m of new debt to finance the acquisition of DB Ashbourne, the UK branded drugs firm.

VietinBank, one of the four largest state-owned commercial lenders in Vietnam, has doubled the size of its latest borrowing to $200m after fully exercising a greenshoe option.

The central bank of Laos is making its debut in the syndicated loan market for a facility of $100m-$200m, as the country seeks to diversify its funding sources.

GlobalCapital will open the poll on Monday October 26 to decide the winners of its Syndicated Loan, Leveraged Finance and Private Placement Awards 2016.

Bookrunners on a S$192m ($137.8m) loan for Citic Envirotech are sounding out a select group of banks to join the deal in syndication.

Oberthur Technologies, the French smart cards maker, is planning €650m of new loans as it refinances after announcing plans on Monday to make an IPO.

Germany’s third largest cable operator launched new loan facilities on Wednesday with a lender meeting in London.