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Leveraged Loans

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  • Citigroup has beefed up its presence in France by hiring Robin Rousseau, Deutsche Bank’s head of M&A for Europe, the Middle East and Africa.
  • Vietnamese mobile device retailer Mobile World Investment Corp has made a rapid return to loans for another $100m.
  • Indofood CBP Sukses Makmur, an Indonesian instant noodle maker, has launched a $2.05bn-equivalent acquisition loan into syndication. The rare appearance of a strong credit in the market this year means banks appear eager to join the deal, writes Pan Yue.
  • CP Merchandising Co, a subsidiary of Thai agro-industrial and food conglomerate Charoen Pokphand Foods, has launched its $500m debut loan into general syndication.
  • A $600m loan to support Baring Private Equity Asia’s take-private of Indian software firm Hexaware Technologies has been launched into general syndication, with three banks joining at the top level.
  • Singapore’s agribusiness company Wilmar International has raised a S$200m ($146m) bilateral loan from DBS using the country’s new interest rate benchmark.