Loans and High Yield

Two Chinese companies sold dollar bonds on Wednesday as the rest of the market hit pause to await the outcome of the Federal Open Market Committee meeting.

Fnac Darty, the French electronics retailer, has amended and extended its main bank credit lines, shortly after issuing its debut convertible bond as an independent company.

French car parts maker Faurecia has unveiled its first green bond, which will help fund its growing investments in hydrogen fuel cell technology.

MUFG has hired three managing directors to help boost its coverage of private equity sponsors, as well as direct lending.

Japfa Comfeed Indonesia sold the country's first sustainability-linked bond this week, leveraging the market fervour for environmental, social and governance (ESG) investing to tighten pricing more than it would have for a conventional deal. Morgan Davis reports.

Natixis has promoted two bankers to head its acquisition and strategic finance business, following the departure of Fabrice Croppi to become head of investment banking.

IAG has launched a dual tranche euro bond — its first since the pandemic struck — following an extensive round of actions to shore up its balance sheet in the face of plunging airline passenger traffic.

Indonesian non-bank financial institution Chandra Sakti Utama Leasing has launched a $75m loan into general syndication, with bankers expecting the firm’s modest rise in non-performing loans versus peers to hold it in good stead.

Chinese company Fujian Yango Group Co raised $175m on Monday from a three year bond.

Chinese property developer Shui On Land has returned to the loan market after a break of two years. It is seeking a $200m borrowing.

A HK$5.29bn ($682m) green loan to support the acquisition of Hong Kong-based building Cityplaza One by a Gaw Capital Partners-led consortium has been launched into general syndication.

New high yield issues announced on Monday offered investors both ends of the environmental spectrum — a green deal for Spanish property developer Via Celere, or a refinancing for oilfield services firm CGG. Real estate group Foncia sits somewhere in between, with a deal funding a dividend to Partners Group.