Loans and High Yield
-
The Vietnam consumer finance subsidiary of Korea’s Mirae Asset Financial Group has become the latest firm to join a flurry of Vietnamese financial institutions in the loan market. -
Far from heralding the dawn of a new post-pandemic paradise, England’s removal of almost all social restrictions this week could easily lead to a sharp rise in corporate defaults.
-
At the start of the pandemic, it made total sense for investors to pile capital into distressed debt funds. More than a year on, the decision looks like less of a slam dunk.
-
French supermarket chain Casino has extended a €1.8bn syndicated loan to July 2026, as it tries to keep on track with its deleveraging road to recovery. Its subsidiary Monoprix has also obtained the group’s first sustainability-linked loan.
-
Car Inc is seeking a new loan after an absence of five years from the market, but it will have to navigate the fallout from Luckin Coffee’s past governance concerns and the latest crackdown by China on technology companies to get its deal across the finish line. Pan Yue reports.
-
Chongqing Pharmaceutical (Group) Co is making its debut in the loan market for $150m. It is set to directly compete against a larger Chinese state-owned peer that is also testing lenders’ appetite for a new fundraising.
-
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.
-
Anton Oilfield Services Group sold a $150m bond this week in an effort to tackle its debt maturity profile.
-
Three Chinese real estate developers sold green and sustainable bonds on Monday, adding further momentum to the booming asset class.
-
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.
-
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.
