Loans and High Yield
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The bonds and shares of China Evergrande Group and its subsidiaries continued to slide on Tuesday, after revelations of a dispute with a domestic lender triggered a widespread sell-off at the start of the week.
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Anton Oilfield Services Group sold a $150m bond this week in an effort to tackle its debt maturity profile.
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Three Chinese real estate developers sold green and sustainable bonds on Monday, adding further momentum to the booming asset class.
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European direct lender Pemberton is making a push to sign up wealth and asset managers in a bid to grow the private credit market's investor base.
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Credit Suisse has filled six roles in its sustainability strategy, advisory and finance (SSAF) group, headed by Marisa Drew, including a global head of net zero strategy.
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Five real estate companies from Greater China made their way into the dollar bond market on Thursday, appealing to investors with short tenors and juicy new issue premiums.
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Japan’s Sumitomo Mitsui Financial Group has formed an alliance with Jefferies and is providing the US investment bank with capital to pursue its ambitions in leveraged finance.
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Limited partners in private credit take a hands-off approach when investing in direct lending funds. But they need to pay attention.
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Direct lending funds are known for protecting their investments with leverage covenants, but the investors in these funds — known as limited partners (LPs) — may be overestimating how much protection they give, market sources warned this week. Silas Brown reports.
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The recent volatility in Asia’s dollar bond market caught up with borrowers this week, as investors began to demand more premium for new deals. While issuers may have to pay up to raise funding in the near term, some bankers think a rally is imminent. Morgan Davis reports.
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Allen & Overy has plucked a lawyer from Latham & Watkins as a partner in its leveraged finance team in London.