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The six year senior loan supporting the leveraged buy-out of the Australian Cleanaway and Industrial Services business by Kohlberg, Kravis, Roberts (KKR) was launched into sub-underwriting yesterday (Thursday). The six year senior debt has been structured as an A$1bn term loan and two revolving credits of A$130m and A$275m — one to provide working capital and one to fund capital expenditure under the new owners' growth plan. The revolvers have not been drawn down.

The NT$30bn ($983m) loan backing Carlyle's buy-out of Eastern Multimedia Group was oversubscribed at the sub-underwriting stage and will not be launched into general syndication. Citigroup, Chinatrust Commercial Bank and Taipei Fubon Commercial Bank were mandated lead arrangers. Bankers said the deal was mostly sold into Taiwan, as the funds will be provided in Taiwanese dollars.

Singapore-listed Zhongguo Powerplus Industries said yesterday (Thursday) that it was in negotiations that may lead to an offer being made for all the company's shares. The announcement followed reports that an unnamed private equity firm had offered to take the company private. Leveraged finance bankers at two investment banks said they were aware of the situation but declined to give further details.

Banks are processing credit approvals before committing to the A$995m six year loan financing the leveraged buy-out of the Myer department stores from Australian retail chain Coles Myer by Newbridge Capital and Texas Pacific Group.

Deutsche Bank and Standard Bank this week hosted a presentation and site visit for lenders interested in joining the $181m five year loan backing the leveraged buy-out of Shandong Deosen Corp, China's leading xanthan gum maker.

Hong Kong's Link Reit has completed what bankers believe could be the biggest ever corporate bond issue in the territory's domestic market.

DSP Merrill Lynch has added five bankers to its global markets and investment banking teams in Mumbai, including Rakesh Singh, head of Standard Chartered's debt capital markets business in India.

Citigroup is still working hard to market a likely $240m five year high yield bond for Indonesia's Noble Finance, but is facing scepticism from some investors who are concerned about the assets' ownership and financial performance. Although the bonds are secured on three landmark commercial properties in Jakarta and carry features to protect investors' interests and stop the guarantors taking money out before bondholders would be repaid, high yield investors said they remained uncomfortable about the assets' owners.

Calyon has been mandated by Fudo Capital, a real estate fund managed by CLSA Capital Partners, to arrange a S$232m loan that will finance its purchase of an office building from Singapore Airlines.

Four new loans emerged in Asia's resurgent telecommunications sector this week, with borrowers set to benefit from competition in the region's loan market. SingTel, the Singaporean telecommunications operator, has mandated Citigroup and DBS Bank to arrange a syndicated facility worth up to $500m, EuroWeek hears. Neither arranger would comment, but bankers away from the deal said the margin on the five year loan would be around 15bp over Libor.