Loans and High Yield

State owned China Energy Reserve and Chemicals Group is venturing out to the dollar bond market for first time in history, opening books to a three year deal on May 5.

Hong Kong listed Fosun International is considering increasing the size of its $500m borrowing following strong demand in retail syndication.

Women’s apparel maker E-Land World has unzipped a $200m dual trancher with four mandated lead arrangers and bookrunners.

Real estate developer Vietnam Investment Group Joint Stock Co (VIG) is looking to borrow $125m offshore in a deal led by one bank.

Huawei Investment & Holding Co has mandated five banks ahead of its inaugural dollar bond that will hit the market as early as next week.

Shenzhen Qianhai Financial Holdings has tied up an Rmb500m ($81.7m) term loan with a group of five lenders in a transaction that marks the first Hong Kong-Qianhai cross-border renminbi syndication. Though the financing demonstrates appetite by banks in Hong Kong for offshore renminbi deals, onshore loosening will likely crimp further business coming their way.

NH Hotel Group, the Spanish hotel chain, has pulled its €200m senior unsecured bond issue.

Delachaux, the CVC-owned French maker of railway tracks, has set out the conditions for the repricing of a €690m-equivalent loan that it launched under different market conditions in September.

Busy Bee, the UK nursery and early education provider for under-fives, was aiming to allocate its £210m refinancing loan by Thursday afternoon, with pricing tight but not too aggressive.

Leveraged loan investors in Europe and the US are bracing themselves for a tough second quarter of borrowers aggressively trying to cut margins on their loans, writes Ross Lancaster.

Dufry – HES Beheer – BCA Marketplace – Club Med – Grupa Azoty – International Bank of Azerbaijan – Kungsleden – UBM Group – Oriflame

Spanish hotel chain NH Hotels was set to sell on Thursday €200m of senior secured notes with initial price talk of 4.25%-4.5%, part of an aggressive debt reduction strategy.