Loans and High Yield
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Delachaux, the CVC-owned French industrial company, has set out the conditions for the repricing of a €690m-equivalent loan that it launched under different market conditions in September. -
Landsea Green Properties managed to raise $100m with its first ever public bond on April 24 although sources on and away from the trade admitted that the deal was anything but public.
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CLP Power Hong Kong opened the books to a 10 year dollar offering on the morning April 27, one year after issuing its first subordinated bond.
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Chemours, the titanium, fluoroproducts and chemical solutions business being spun off by EI du Pont de Nemours & Co, has started a roadshow in London for a €350m bond issue, as part of a larger $2.5bn offering of senior unsecured notes.
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Indonesian port operator Pelabuhan Indonesia II (Pelindo II) made a splash with its inaugural outing in the international bond market, raising $1.6bn from a tightly priced dual-tranche offering split between 10 and 30 year trades.
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An onshore China loan for Succeed Venture will likely skip syndication in favour of being completed as a bilateral, after a Chinese lender offered the borrower a chunky commitment, according to sources.
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Chinese property developer Jingrui Holdings priced a $150m bond on April 23 having spotted an opportunity following the market’s indifference towards Kaisa’s default. But investor demand was far from enthusiastic even though the issuer was willing to pay a healthy new issue concession.
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Landsea Green Properties has finally started receiving bids for a three year dollar-denominated bond on April 24, close to three weeks behind schedule.
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Klöckner Pentaplast, the German plastic packaging maker, has closed books on a €881m loan, increased by €50m, after hitting its advanced deadline for commitments with a bang.
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HES Beheer — Telenet — Tofas — Avolon — Saab — Hammerson — Almer Sports
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Iglo, the foods company that has been sold by Permira to a London-listed special purpose acquisition company, is asking lenders on a €1.2bn loan to consent to the change in control.
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US plastics manufacturer Trinseo on Thursday priced $700m of senior unsecured bonds in dollars and euros, saving at least 200bp compared with the interest on the 8.75% bond the company wants to repay.
