Leveraged/non-investment grade - All articles

  • Uni-President China calls up pitches for dollar deal of up to $200m

    Uni-President China Holdings, the subsidiary of a Taiwanese food conglomerate, has sent out requests for proposals to banks for a five year loan of between $100m-$200m.

    • 31 Jan 2013
  • ANZ secures Indian Oil mandate

    Australia and New Zealand Bank has been picked as the sole bookrunner of a $120m five year loan for Indian Oil Corp, beating competition from three other banks.

    • 31 Jan 2013
  • ANZ wins Indian Oil mandate

    Australia and New Zealand Bank has been picked as the sole bookrunner of a $120m five year loan for Indian Oil Corp, beating competition from three other banks.

    • 30 Jan 2013
  • Navigat to close $100m loan this week

    Bankers leading Indonesian power company Navigat Energy’s $100m five year loan are close to wrapping up syndication of the deal, after receiving commitments from one bank — and signs that other banks are giving the deal a close look.

    • 30 Jan 2013
  • China Steel signs oversubscribed $89m loan

    China Steel Corp signed a $89m loan at the start of the week, after heavy demand gave the company the chance to increase the size of the deal.

    • 29 Jan 2013
  • Whitehaven A$1.2bn loan oversubscribed

    Australian company Whitehaven Coal’s A$1.2bn ($1.26bn) loan has now been closed in syndication, after the deal was oversubscribed and received commitments from more than 12 banks overall.

    • 28 Jan 2013
  • Uni-President asks for pitches for dollar loan

    Noodles and drinks maker Uni-President China Holdings has sent a request for proposals to banks for a five year loan that will be worth between $100m and $200m.

    • 28 Jan 2013
  • Loan hopes rise, margins fall with heavy refinancing

    Bankers in Asia Pacific are becoming optimistic about the chances of an increase in loan volumes, confident that falling margins will continue to lay the groundwork for a resurgence. But some bankers and analysts argue that those low margins will not be sustainable for long.

    • 25 Jan 2013
  • Kingboard has fine reaction to planned HK$4bn loan

    Bankers working on a HK$4bn four year loan for Kingboard Chemical Holdings took the deal into general syndication this week and are confident that heavy demand will lead to a greenshoe option.

    • 25 Jan 2013
  • Pan Brothers closes, allocates $165m loan to 17 banks

    Bankers working on a $165m loan for Indonesian clothing company Pan Brothers have finalised the allocations for the deal, after gaining commitments from 17 banks in syndication.

    • 25 Jan 2013
  • PFC in $500m loan but terms yet to be decided

    The World Bank is partially guaranteeing a $500m loan to India’s Power Finance Corp, and has approached 10 other banks to join the deal.

    • 25 Jan 2013
  • REC shuns syndication, opts for $150m club

    Rural Electrification Corp has opted to take the club route for its $150m three year loan, after State Bank of India and Bank of America Merrill Lynch committed enough funds between them to exercise a $100m greenshoe option.

    • 25 Jan 2013
  • REC shuns syndication, opts for $150m club

    Rural Electrification Corp has opted to go the club route for its $150m three year loan, after the State Bank of India and Bank of America Merrill Lynch committed enough funds between them to exercise a $100m greenshoe option.

    • 24 Jan 2013
  • Done and dusted: Pertamina allocations

    Indonesian power company Pertamina has completed the final allocation stage of its $965m five year loan.

    • 24 Jan 2013
  • IDFC turns to syndication for $75m loan

    Bankers working on a $75m five year loan for India’s state-owned infrastructure lender IDFC plan to take the deal into general syndication this weekend, but the two mandated lead arrangers are only looking for more banks to join the mandate.

    • 23 Jan 2013
  • Pan Brothers closes, allocates $165m loan

    Bankers working on a $165m loan for Indonesian clothing company Pan Brothers have finalised the allocations for the deal, after securing commitments from 17 banks in syndication.

    • 22 Jan 2013
  • Ho Tung wraps up NT$4bn loan

    Taiwanese company Ho Tung Chemical Corp has finalised allocations for its NT$4bn ($138.1m) five year syndicated loan, attracting commitments from 12 banks drawn to the deal’s relatively low margin rate.

    • 22 Jan 2013
  • Labixiaoxin gets big demand for debut loan

    Chinese sweet maker Labixiaoxin Snacks Group has made a successful debut in the syndicated loan market, closing a $60m deal after getting enough demand to exercise its $15m greenshoe option.

    • 21 Jan 2013
  • GVK loan nears completion as two banks consider deal

    Bankers are close to finishing syndication for GVK Coal’s $1bn 10 year loan, but they still hope to get commitments from at least two banks before wrapping up the deal.

    • 18 Jan 2013
  • Bis taps banks for A$950m loan refinancing

    Australian logistics company Bis Industries has taken to the syndicated loan market for A$950m ($1bn) of fundraising, tempting investors with a 350bp margin that bankers think will be more than enough to attract strong demand.

    • 18 Jan 2013
  • Melco puts finishing touches on jumbo

    Bankers working on the $1.4bn loan for Melco Crown Entertainment have wrapped up the final stages of syndication, lining up commitments of $620m from 16 banks and ensuring that the leads will now look to sell down part of their holdings.

    • 18 Jan 2013
  • Pertamina attracts 30 lenders, $1bn

    Indonesian power company Pertamina closed syndication of its $965m five year loan this week, after getting commitments from 30 lenders including the bookrunners — and bringing in demand worth more than $1bn.

    • 18 Jan 2013
  • Gail’s $300m six year

    Gas Authority of India Ltd (Gail) signed a six year $300m loan with 10 foreign banks at the end of December, finding strong demand in syndication following a series of bilateral deals.

    • 18 Jan 2013
  • Macquarie returns to US buyers with $500m Smart ABS

    Macquarie Group priced a $500m SEC-registered auto loan ABS deal from its Smart Series 2013-1 US Trust on Wednesday, splitting the transaction across seven tranches of Class A notes, but retaining around A$58.57m of class B,C,D and E Aussie dollar notes.

    • 18 Jan 2013
  • China Zhongwang heavily in demand

    China Zhongwang, an aluminium products company, has successfully concluded its first attempt at overseas fundraising since it listed three years ago, racking up commitments from 15 banks for a heavily in demand $200m three year loan.

    • 18 Jan 2013
  • Melco’s $1.4bn loan oversubscribed, signing imminent

    Bankers working on the $1.4bn loan for Melco Crown Entertainment have wrapped up the final stages of a successful syndication, lining up commitments of $620m from 16 banks and ensuring that the leads will now look to sell-down part of their holdings.

    • 17 Jan 2013
  • Salamander targets Asian lenders with $300m loan

    Salamander Energy, a British oil and gas company with operations in southeast Asia, is targeting the Asian syndicated loan market for a $300m seven year refinancing, tempting lenders with a juicier price than its last deal.

    • 17 Jan 2013
  • Gail secures $300m loan after 10 banks join

    Gas Authority of India Ltd (Gail) signed a six year $300m loan with 10 foreign banks at the end of last month, securing strong demand in syndication following a series of bilateral deals.

    • 16 Jan 2013
  • Bis Industries heads into general with A$950m loan

    Australian logistics company Bis Industries has taken to the syndicated loan market for A$950m ($1bn) of fund-raising, tempting investors with a 350bp margin that bankers think will be more than enough to attract strong demand.

    • 15 Jan 2013
  • GVK eyes two more for $1bn loan

    Bankers are close to finishing syndication for GVK Coal’s $1bn 10 year loan, but they are still hoping to get commitments from at least two banks before wrapping up the deal.

    • 15 Jan 2013
  • Pertamina woos 20 banks, loan closing today

    Pertamina has added five new lenders to its $965m loan since the start of the year, and the bookrunners were pushing to get a few extra commitments over the weekend, before closing syndication on Monday.

    • 14 Jan 2013
  • Melco generates $500m demand, still wants more

    Bankers on a $1.4bn loan for Melco Crown Entertainment are still eyeing more banks to join the deal before closing syndication next week. But they have already managed to line up $500m of commitments from 11 banks, bringing the financing of the Macau casino company’s latest project near to a successful close.

    • 11 Jan 2013
  • REC and IOC eye deals after RBI relaxes rules

    With a new year come new resolutions, and the Reserve Bank of India has started off 2013 with a good one, further loosening some of the restrictions hampering Indian infrastructure firms looking for deals in the international loan market. But the change, albeit positive, may not lead to a big rise in offshore loans from the country.

    • 11 Jan 2013
  • Whitehaven brushes off loan hoax as commitments roll in

    It has been a rough few days for Australian company Whitehaven Coal. A hoax statement to the media claiming that Australia and New Zealand Bank had withdrawn funding to Whitehaven wiped millions off its market value early this week. But bankers are still confident that Whitehaven’s A$1.2bn syndicated loan will get plenty of commitments.

    • 11 Jan 2013
  • Melco generates $500m loan demand, eyes more

    Bankers working on a $1.4bn loan for Melco Crown Entertainment are still looking for two or three more banks to join the deal before closing syndication next week. But they have already managed to line up $500m of commitments from 11 banks, bringing the financing of the Macau casino company’s latest project near to a successful close.

    • 09 Jan 2013
  • Pertamina success, coming election raise loans hopes

    Indonesian power company Pertamina has given what loans bankers hope will be an eye-opening demonstration to other borrowers from the country, after managing to raise the size of its latest dollar loan by more than 50%. That has increased confidence that lenders will be able to improve on what ended up being a dire year of borrowing from the country’s banks and corporations in 2012.

    • 04 Jan 2013
  • PetroVietnam Exploration wraps up $300m loan after pulling off increase

    PetroVietnam Exploration Production Corp closed syndication for its five year loan after attracting 17 banks at the end of last year, allowing it to push the deal to $300m.

    • 04 Jan 2013