Loans and High Yield
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BNP Paribas has made the next move in its merger of its high yield and leveraged finance operations, moving three people into new positions under Charlotte Conlan. -
Elis, the French workwear and bed linen laundry company, priced an €800m bond on Wednesday, its first issue since its €750m Paris IPO in February, to refinance in full its senior secured and subordinated notes.
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Indonesia’s Buana Finance is on the hunt for a $65m three year amortiser that comes with a $35m greenshoe option.
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Hong Kong listed Fosun International's $500m loan has received commitments from seven lenders. The deadline for the loan, which was originally April 24, has been extended until April 30 to give banks time to process credit approvals.
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Jingrui Holdings has returned to the dollar bond market this week, wooing investors with generous initial pricing for a three year bond. Although secondary Asian high yield bonds didn’t take a hit from the Kaisa defaults earlier this week, bankers on the deal hope Jingrui will benefit from the post-Kaisa quiet HY market.
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Privately-owned Indonesian palm oil producer Royal Industries has extended the deadline for commitments to its $500m dual tranche fundraising again.
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Philippine National Bank’s (PNB) $150m three year fundraising has wrapped up following an oversubscription. The facility attracted nine lenders during syndication.
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Westpac has hired an experienced salesperson to its fixed income business in London.
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Ineos, the chemical company, returned to the high yield bond market on Wednesday with a €770m deal to redeem $775m of notes it issued in 2012.
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Standard & Poor’s warns that companies need to be more prepared for the damaging effects of global warming on their credit ratings, especially in a global economy.
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Dutch ports logistics company HES Beheer has launched a €100m add-on loan that will complete its owners’ full purchase of the company.
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Kloeckner Pentaplast, the German plastic packaging maker, is allocating its €881m loan, increased by €50m, after hitting its advanced deadline for commitments with a bang.
