Oct. 21 (Bloomberg) — SC Lowy Financial, the Hong Kong- based firm that invests in credit and distressed assets, is expanding into the primary market in order to help companies sell bonds for the first time, according to founder Michel Lowy.

  • SC Lowy plans to add three to five people in Hong Kong for that business within six to nine months, Lowy said in an interview in the city today
  • None of the firm’s some 35 employees currently spend 100 percent of their time focusing on the primary bond arranging space, Lowy said
  • In secondary loans, SC Lowy has an about 30 percent market share in Asia-Pacific: Lowy
  • Secondary loan market in the region is about $8 billion to $9 billion in size: Lowy
  • In the primary market, SC Lowy is focused on high-yield credits in countries including China and Indonesia that are typically planning to sell dollar bonds: Lowy
  • It helped Redco Properties Group sell $125 million of 13.75 percent 2019 notes in July, according to data compiled by Bloomberg
  • SC Lowy trades loans, bonds and focuses on trade claims and special situations, serving a global client network of international and regional banks, asset managers, hedge funds, private equity, pension funds and corporations
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