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Leveraged Loans

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  • ABS
    Wells Fargo Securities has named its new head of debt capital markets, covering US investment grade debt, high yield debt and loan originations and executions.
  • Several Chinese borrowers have hit the loan market for two year money in recent months, in contrast to more established firms from the mainland which are pushing out tenors on their borrowings. While typically banks and borrowers prefer to lock in longer-term loans, for some the nature of the business and the lenders’ unfamiliarity with the company necessitates a shorter life to mitigate risks.
  • ANZ has promoted Chris Raciti, a senior loans banker who looked after North Asia, to CEO of its Korean arm, the bank said in a press release on Wednesday.
  • NGA UK, the provider of human resources software, launched a €300m loan on Wednesday, which it will be hoping appeals to CLO managers that have been eager for new money deals.
  • Corporate bond investors in Europe are hoping for a fruitful November, after October proved rather barren for new deals. But with holidays in several countries this week and central bank meetings in the UK and US, November has started slowly.
  • The poll to decide the winners of GlobalCapital's Loan Awards 2017 has opened.