Loans and High Yield

RBC Capital Markets has hired Citi's former head of structured credit sales EMEA, John Miles, to lead its recently established alternatives and private capital solutions (APCS) group.

Taiwan’s Qisda Corp, which designs and makes electronic products, has wrapped up the first round of bidding for a NT$10bn ($358m)-equivalent dual currency loan.

The number of industry sectors for which Moody’s holds a positive outlook reached a record high halfway through 2021, but investors say that there are some parts of the economy that the coronavirus pandemic has forever damaged.

Aggreko, a Scottish company which offers temporary power, heating and cooling generation, has signed £2.5bn worth of loans to fund its acquisition by TDR Capital and I Squared Capital.

Nordea Asset Management has appointed a new head of high yield, as its former head Torben Frederiksen left the company on Friday.

An international consortium is seeking a $275m loan to support its acquisition of DuPont Clean Technologies.

Though deals are not coming in thick and fast, a prospective issue from Altice International will keep the high yield market busy for the first few days of this week.

Bank of America has hired Uday Malhotra back from Goldman Sachs as head of leveraged finance origination in EMEA in London, while Eddie Martin, a managing director in the division, is relocating to the US.

Spanish waste management company Urbaser has postponed a €1.63bn prospective term loan ‘B’, with sources close to the deal blaming summer fatigue.

Chinese online travel agency Tongcheng-Elong Holdings is making its debut in the offshore loan market for $200m.

Acme Solar Holdings was one of the few borrowers in Asia to brave volatile market conditions on Thursday to sell its debut dollar bond.

Credit spreads for corporate borrowers from sectors that will benefit the most from reopening from lockdowns are drifting wider as coronavirus infections rise thanks to the spread of the delta variant. Industries already battered by the pandemic face a rough autumn in capital markets if there is another major global wave of the virus.