Latest leveraged/non-investment grade loans news

• Trajectory bodes well for US banks’ Q2s

  

  Investment banking activity suffered a sluggish start to the year at the top US names, particularly in equity underwriting, but conditions brightened as winter turned to spring.

  • 17 Apr 2019

• Bankers vow tougher checks as HNA subsidiary in suspected default shock

  

  HNA Group’s Hong Kong subsidiary, CWT International, appeared to default on a secured Hong Kong dollar loan on Wednesday. Although the company has had debt problems in the past year, many bankers were still surprised by the default and said more thorough background checks will be carried out on Chinese borrowers in future. Pan Yue reports.

  • 17 Apr 2019

• Formosa China, Vietnam units make loan comeback

  

  Two subsidiaries of Taiwan’s Formosa Plastics Corp are in the syndicated loan market raising a China onshore facility and an offshore deal respectively.

  • 17 Apr 2019

• David Slade to take over UBS's combined DCM and levfin ops in EMEA

  

  UBS has reorganised its debt capital markets business, following the decision of global head Amir Hoveyda to step down from his role. It will merge leveraged finance and DCM, with David Slade heading the combined group in EMEA.

  • 16 Apr 2019

• Capital markets need an Extinction Rebellion

  

  Sustainable finance is bubbling with exciting new initiatives. But making people feel good is not enough. Activity needs to produce results, and so far there is more noise than movement. The tone is far too sedate — it needs some hard core activism to break the torpor.

  • 16 Apr 2019

• Banks join Inmarsat buyout ahead of deadline

  

  More banks have joined the acquisition loan for the Triton consortium’s buy-out of UK-based satellite tech provider Inmarsat, ahead of Tuesday’s deadline to make a firm offer for the company.

  • 16 Apr 2019

• HNA Hong Kong subsidiary suffers loan default

  

  CWT International, a Hong Kong-listed subsidiary of cash-strapped HNA Group, has defaulted on a HK$1.4bn ($179m) loan.

  • 16 Apr 2019

• Catalent buys Paragon in hot gene medicine market

  

  The US’s Catalent will buy Paragon Bioservices in a debt and equity financed $1.2bn deal, as consolidation in the gene therapy market builds pace.

  • 15 Apr 2019

• Juneyao flies abroad for HK$1.8bn debut

  

  China’s Juneyao Airlines is tapping the offshore loan market for its debut borrowing of HK$1.8bn ($229m).

  • 15 Apr 2019

• Aoyuan raises $162m from four banks

  

  China Aoyuan Group has received a $162m-equivalent three year secured loan from four lenders.

  • 12 Apr 2019

Leveraged/non-investment grade loans news archive