Loans and High Yield

HSBC has appointed Tim Spray as head of loan syndications EMEA, less than three months after he was given a new role at UniCredit.

This could still be a record year for European leveraged finance, Moody's has said, even though issuance of both bonds and loans in the first half was down on 2014's levels.

Chinese car dealer Baoxin Auto Group could increase the size of its latest borrowing from $150m, following healthy demand during syndication that saw lenders from the Gulf, Taiwan and Hong Kong join in.

Chinese automobile dealer Zhongsheng Group Holdings is considering increasing the size of its $150m loan to accommodate excess demand. The deal offers all-ins close to 400bp and juicy pricing was instrumental in bringing in banks.

Stahl, the Dutch provider of chemicals for leather processing, has launched €585m of leveraged loans to refinance debt and pay a dividend.

French smart card manufacturer Linxens has launched $1bn of leveraged loans to back its buyout by CVC. The deal has a hefty dollar slice.

A high yield credit trader has left Citi in London and is heading to Barclays.

After a month of speculation, Verallia, the French glass bottle maker, has come to market, setting a Friday bank meeting for €1bn of leveraged loans to back its buyout by Apollo Global Management.

Altice accelerated the deadline on its refinancing exercise this week, bringing forward the deadline for commitments to just three days after the deal was launched.

German wheelchair maker Sunrise Medical’s €315m acquisition loan has begun trading in secondary markets after being priced in line with initial guidance.

Verallia, the French glass bottle maker, started sounding investors on Thursday for an €860m-equivalent bond to finance its acquisition by alternative investment fund Apollo Global Management.

After a month of speculation, Verallia, the French glass bottle maker, has come to market, setting a Friday bank meeting for €1bn of leveraged loans to back its buyout by Apollo Global Management.