Loans and High Yield

Aedifica, the Belgian healthcare property investment company, has closed its debut US private placement, according to market sources.

The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, has coupled with private equity firm NBK Capital Partners, anchoring a direct lending fund.

India Toll Roads sold its first dollar bond on Tuesday, becoming just the latest issuer from the country amid an expected surge of supply this year.

Chinese property company Huafa Industrial Co Ltd Zhuhai raised $200m from the sale of a sub-one year note on Tuesday.

CVC’s secondary buyout of building material firm Stark Group will crank leverage back up at the group, following a tough year when previous owner Lone Star battened down the hatches and paid down debt during an initial scramble for liquidity when the coronavirus pandemic struck.

Shurgard, one of Europe’s largest self-storage companies, has returned to the US private placement market for the third time, according to market sources. The company is only the second from Europe to launch a PP deal this year.

Solar and wind power company ReNew Power added further momentum to India’s green bond market this week with a new $460m deal.

GlobalCapital and HSBC hosted a virtual roundtable in mid-January to discuss the blowout start to high yield bond issuance in 2021. Leading market experts highlighted how Asia’s debt markets have shifted — and how borrowers are positioning themselves for the rest of the year.

Asda has launched the largest ever sterling high yield bond, and the largest single tranche in the whole European high yield market, to fund the takeover of the UK supermarket group by the Issa Brothers and TDR Capital.

A number of smaller European banks are trying to buy Schuldscheine on the secondary market, according to sources with knowledge of the situation, in order to post it as collateral to receive cheaper funding from the ECB ahead of a March 31 deadline.

Lombard Odier has made two senior hires to help cultivate sustainable private credit strategies.

Vietnam Technological and Commercial Joint Stock Bank is in discussions with lenders for a comeback to the loan market.