Loans and High Yield

Indonesia Eximbank has issued a request for proposals for a $600m dual-tranche facility, with an option of increasing the loan size to $750m.

The Republic of Philippines status as a safe haven from the recent bout of macro concerns has prompted renewed investor interest in the county. The increased optimism was reflected by Rizal Commercial Banking Corp’s (RCBC) bond two weeks ago, and another lender, Security Bank Corp is now looking to do the same after opening books on January 27.

After more than a decade at the forefront of European investment banking, Jean-Pierre Mustier has become one of five partners at Tikehau, the French investment fund. The hire will bring Tikehau a new level of prominence after a period during which it has grown in the expanding field of direct lending.

Progress on the European high yield issue by Wisconsin’s Techniplas appeared to have gone quiet on Monday afternoon.

The aftermath of Sunday’s general election in Greece has made only a soft imprint on the European high yield market. Greek bonds weakened a bit, but bankers are confident the issuance agenda continues unchanged.

Loans bankers are confident their market will not be stopped in its tracks by Syriza coming to power in Greece, though if relations with the EU turn sour, pricing for peripheral borrowers might not continue to tighten as expected this year.

CVC has hired Ivo Lurvink as a partner in its Amsterdam office, where he will head the private equity firm’s Dutch operations.

Wittur, a German lift components maker, is holding a London bank meeting today as it markets a €485m debt package to investors.

Corporate debt bankers and investors are taking Syriza’s victory in Sunday’s Greek general election in their stride.

In the latest twist in the saga of port services provider Pelabuhan Indonesia II’s $1bn loan, the borrower has decided to scrap general syndication and limit the deal to $550m which had already been prefunded by the seven banks leading the transaction.

Indonesia industrials are returning to the dollar bond market with MAXpower Group and Tower Bersama Infrastructure readying new deals.

One of the most anticipated high yield bond issues of the year so far, Altice’s transaction to refinance its buyout of Portugal Telecom, is set to be priced today (Friday), and bankers believe it will confirm the market's vigorous health at the start of 2015.