Leveraged/non-investment grade - All articles

  • Berlian Laju suspends trading after redemption freeze

    Indonesian shipping company Berlian Laju Tanker suspended trading in its Singapore-listed stock on Friday, leaving investors watching and waiting while it negotiates with bankers and investors about some $418m of debt it has due before the end of the year.

    • 30 Jan 2012
  • Credit investors bearish on Europe, cheerier on US

    The gulf between the perceived worthiness of credits in North America and Europe is the widest ever seen, according to a survey by the International Association of Credit Portfolio Managers.

    • 20 Jan 2012
  • Japanese lenders ready to make up the project finance shortfall from Europeans

    Japanese lenders could become a more important part of Asia’s loan market this year, stepping in to make up for a reduction in lending from European banks, said senior loans officials. This is likely to be most prominent in the project finance market, where French banks in particular have long been important players.

    • 19 Jan 2012
  • RCom turns to loans to refi $1bn CB deal

    India’s Reliance Communications has secured a $1.18bn loan from a trio of state-owned Chinese banks, finding the money to pay off a huge amount of convertible bonds that mature in under two months.

    • 19 Jan 2012
  • RBS lines up buyers after delivering bad news

    Royal Bank of Scotland has signed non-disclosure agreements with around 20 potential buyers of the businesses it is planning to sell off, said a senior banker on Thursday, after the bank announced that it was cutting its equity capital markets, M&A, cash equities and corporate broking divisions.

    • 12 Jan 2012
  • CNH loans need Hibor urgently, says APLMA

    The offshore renminbi loan market is not going to grow without a reference rate for pricing, but Hong Kong’s Treasury Markets Association is waiting until there is more widespread liquidity before pushing for a market rate.

    • 12 Jan 2012
  • Tough quarter expected in Asian loans

    Asian loans bankers are steeling themselves for a difficult first quarter in 2012, after a sharp tightening in liquidity at the end of last year, senior bankers said this week.

    • 12 Jan 2012
  • China Everbright goes regional for $100m loan

    China Everbright International has signed a $100m project loan with several regional banks, after the Asian Development Bank distributed half of a $200m deal.

    • 12 Jan 2012
  • Quiet quarter expected in Asian loans

    Asian loans bankers are steeling themselves for a difficult first quarter to 2012, after a sharp tightening in liquidity at the end of last year, senior bankers said this week.

    • 11 Jan 2012
  • Shandong sails with Ferretti, lenders hang on to stake

    Chinese manufacturing group Shandong Heavy Industry Group - Weichai Group has acquired a 75% interest in Italian luxury yacht maker Ferretti, with the Ferretti’s existing creditors taking a 25% stake through a debt-for-equity swap.

    • 11 Jan 2012
  • ‘Sense of urgency needed for dim sum loan benchmark’: APLMA chair

    The offshore renminbi loan market is not going to grow without a reference rate for pricing, but Hong Kong’s Treasury Market Association is waiting until there is more widespread liquidity before pushing for a market rate. They should not wait too long: the sooner an interbank rate is launched, the sooner liquidity will improve in the market, said John Corrin, chairman of the Asia Pacific Loan Market Association, on Monday.

    • 10 Jan 2012
  • Asia Pacific Syndicated Loans - news in brief, January 6, 2012

    • 05 Jan 2012
  • Fresh boost for offshore renminbi with the arrival of TMA rates

    The offshore renminbi loan market took a crucial step forward this week when three of the biggest renminbi depositors in Hong Kong started to post funding rates for a variety of different maturities. Bankers and analysts say the posting of bank funding rates in the currency is essential to increase the volume of lending.

    • 05 Jan 2012