Latest leveraged/non-investment grade loans news

• HSBC plucks Welsh in UK coverage push

  

  Ed Welsh will join HSBC in November as global head of business services, although his work is expected to be heavily centred around the UK, as the bank ramps up efforts to gain market share among the country’s biggest listed firms.

  • 02:30 PM

• Barclays gives Blackman UK coverage job

  

  Alastair Blackman, formerly a top media investment banker at Deutsche Bank, will be developing relationships with the heads of UK firms on behalf of Barclays from next month.

  • 10:15 AM

• FEC seeks HK$1bn bridge loan for Kai Tak site

  

  Far East Consortium International (FEC) is in talks with banks to raise a bridge facility of around HK$1bn ($127m) to support its acquisition of a land plot in Kai Tak, this site of Hong Kong's old airport, from the government.

  • 08:30 AM

• HDFC makes quick return for $200m

  

  Housing Development Finance Corp has made a quick return to the syndicated loan market for a $200m borrowing, five months after it sealed a Samurai loan.

  • 16 Aug 2019

• People moves in brief

  

  Bank of America Merrill Lynch hires fintech chief — Perella Weinberg builds European restructuring team — UniCredit finds SSA trading boss.

  • 15 Aug 2019

• MGM China joins the trend of casinos seeking unsecured loans to take out old borrowings

  

  Macau casino operator MGM China has raised its first unsecured borrowing, joining a handful of companies raising straight loans to replace outstanding secured facilities. Bankers think that plenty more casinos will take a punt on the format. Pan Yue reports.

  • 15 Aug 2019

• Perella Weinberg hires again in Europe restructuring push

  

  Romain Lanier has joined Perella Weinberg Partners from fellow advisory firm PJT Partners to be a managing director in the European financial restructuring team.

  • 14 Aug 2019

• Chinasoft launches HK$1bn loan into general

  

  China IT company Chinasoft International has returned to the syndicated loan market after six years, seeking a HK$1bn ($127m) facility.

  • 14 Aug 2019

• MGM China raises HK$9.75bn for refinancing

  

  MGM China has raised a HK$9.75bn ($1bn) unsecured revolving credit facility with a group of 13 lenders to repay its old secured borrowings.

  • 13 Aug 2019

• Risk costs snag Commerz as outlook worsens

  

  Michael Reuther, head of Commerzbank’s corporate clients division, expects more firms to enter the bank’s "intensive care department" as economic pressures weigh on European corporates. And in his unit the cost of risk more than tripled in the second quarter, helping to shrink operating profits.

  • 07 Aug 2019

Leveraged/non-investment grade loans news archive