Latest leveraged/non-investment grade loans news

  • Wanda smarts as downgrades trigger loan repayments

    Two credit rating downgrades of Dalian Wanda Commercial Properties (DWCP) have put its offshore loans in lenders’ cross-hairs. DWCP is talking to its lenders, who have the power to force an acceleration of payments. Shruti Chaturvedi reports.

    • 19 Oct 2017
  • Wang takes over China Minsheng HK's loans team

    There has been a change in leadership of the loan syndications department at China Minsheng Bank in Hong Kong, according to sources close to the matter.

    • 18 Oct 2017
  • ChemChina in talks for $5.5bn two tranche refinancing

    China National Chemical Corp (ChemChina) has approached banks for a $5.5bn two tranche borrowing to help refinance a $12.7bn acquisition loan signed last September.

    • 13 Oct 2017
  • Asian loans bankers weigh up cornerstone support

    Cornerstone investors are becoming increasingly common in overseas loan syndications, especially those involving Indian borrowers. While some may argue that this goes against the true purpose of syndication, which is to spread risk, loans bankers believe the change is for the better as it introduces borrowers to sturdy lenders for future funding needs. Shruti Chaturvedi reports.

    • 12 Oct 2017
  • Tata Motors mandates for $850m refi

    Tata Motors has enlisted six banks for a $850m refinancing exercise that will consolidate two earlier borrowings.

    • 10 Oct 2017
  • Final allotments out for Aster DM Healthcare loan

    The final allocations are out for a $295m multi-tranche facility for Aster DM Healthcare. The loan, which contains tranches with tenors of up to 10 years, attracted a mix of Middle Eastern and Indian banks.

    • 10 Oct 2017
  • Yanggu Xiangguang plots $100m financing

    Yanggu Xiangguang Copper has rolled out a $100m syndicated loan with one lender leading the deal.

    • 09 Oct 2017
  • Tian Lun Gas fires up HK$1.25bn borrowing

    Hong Kong-listed China Tian Lun Gas Holdings has enlisted two lenders to arrange a HK$1.25bn ($160m) five year loan, invitations for which were sent out this week.

    • 04 Oct 2017
  • Tata Motors reaches out to lenders for $850m refi

    India's Tata Motors has put out feelers with its relationship banks for a new borrowing to refinance $850m of syndicated loans.

    • 03 Oct 2017
  • Axis Bank loans banker bound for Cantor Fitzgerald in HK

    The head of credit for Axis Bank in Hong Kong has resigned and will be joining financial services firm Cantor Fitzgerald in October, sources told GlobalCapital Asia.

    • 29 Sep 2017

Leveraged/non-investment grade loans news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 11,427.98 67 5.89%
2 UBS 9,299.37 70 4.79%
3 China Securities Co Ltd 9,276.15 41 4.78%
4 China International Capital Corp Ltd 9,131.08 44 4.71%
5 Goldman Sachs 8,990.09 44 4.63%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,421.28 190 8.26%
2 Citi 25,455.77 157 7.39%
3 JPMorgan 21,262.04 123 6.18%
4 Bank of America Merrill Lynch 18,072.67 94 5.25%
5 Standard Chartered Bank 14,573.61 109 4.23%

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