Loans and High Yield

Indonesian airline Garuda Indonesia has mandated 15 banks to arrange its first dollar outing, which will be in sukuk format. Roadshows will take in the Middle East, Asia and Europe.

China’s decision to lower its deposit as well as lending rate on May 10 has prompted a recovery in the country’s capital-hungry real estate industry. And China Aoyuan Property Group is looking to take advantage of the improved sentiment to price a three year bond on May 18.

BNP Paribas looks set to lose its high yield credit trading head in London.

Schenck Process Group, the German measuring and processing technology manufacturer, has hired three banks for a €605m refinancing loan and set a bank meeting for Tuesday.

Following a slow start to the year, momentum is final picking up for the dim sum bond market with a pair of issuers looking to kick off their roadshows on May 18.

Let’s start by nipping one point in the bud: this is not a sermon on the morality of leveraged loan repricings.

Valeo Foods, the Irish food producer, has launched a €595m loan that includes a second lien tranche, to refinance debt and fund an add-on acquisition.

Delachaux, the CVC-owned French railway track maker, closed books on its €690m loan repricing this Monday, with a second cut in the deal’s margin.

Société Générale is merging its high yield and hedge fund sales businesses, with the two team heads likely to leave their posts.

Flint Group, the Luxembourg headquartered UK provider of products and supplies for the printing and packaging industries, is seeking a price cut on a €1.5bn equivalent loan.

Autodis, the French car parts distributor, issued a €60m tap late on Monday, pricing the deal at 103.25 to yield 5.518% to maturity.

Goodyear — INPP — Lagardère — Archroma — Imperial Mobility