Loans and High Yield

Chinese property developer Fantasia Holdings Group Co took advantage of the favourable market conditions on Thursday to raise money for refinancing. It found more support than anticipated, allowing it to seal a larger $350m bond.

Philippine real estate company Megaworld Corp raised $350m from bond investors on Thursday.

Manila Water Co managed to make its international bond debut on Thursday despite facing a number of challenges, including looming questions about its future amid a dispute with the Philippine government.

Ping An International Financial Leasing Co has returned for a $340m loan to meet its refinancing needs.

Invesco changes fixed interest line-up — BofA makes Slowey equities head — NordLB hires two for DCM

HPS Investment Partners has provided a $1bn loan to Canadian train and plane manufacturer Bombardier as direct lenders make a play for larger companies through the pandemic.

Philippine conglomerate San Miguel Corp sold its first perpetual dollar bond on Wednesday, returning to the debt market after a seven year hiatus.

Hipgnosis, the UK intellectual property and song management company, has again increased the size of its revolving credit facility since first signing it earlier this year, weeks after the firm raised £236m through an equity raise.

Future Retail has missed a payment on a $500m debut bond, sold just six months ago, as Covid-19 hits the Indian company’s business.

Invesco has changed the line-up of its fund managers across a number of fixed interest funds, with Paul Read, co-head of fixed interest, stepping down from several funds.

Royal Vopak, the Dutch oil and gas storage company, has sold $500m-equivalent in US private placements.

Drinks bottler Refresco is targeting a €400m term loan 'B' deal intended to finance acquisitions in Europe and the US.