Leveraged/non-investment grade - All articles

  • ANZ boosts loans team in Sydney with new hire

    ANZ has made a new hire to its loan syndications team in Australia. The move comes close on the heels of high level changes in the department.

    • 27 Jan 2017
  • Structured financing success puts focus on Indian M&A rules

    A recent spate of high profile loans has shown that Indian banks have the ability to execute highly structured M&A funding. This has reignited gripes about rules that bar Indian lenders from funding acquisitions of domestic companies, hindering the growth of small borrowers with big ambitions. Shruti Chaturvedi reports.

    • 26 Jan 2017
  • Indomobil hikes three year borrowing to $250m

    Indomobil Finance Indonesia has increased the size of its latest syndicated loan to $250m from the initial $100m, keeping with its tradition of absorbing demand rather than heavily scaling back participants.

    • 25 Jan 2017
  • ANZ appoints new acting head of Oz loan syndications

    ANZ has moved an executive director to the position of acting head of its loan syndications operation in Australia, as the incumbent steps into a new role.

    • 24 Jan 2017
  • Sinosteel returns for refi after three year break

    Sinosteel International Holding has approached the loan market for a $120m two year deal. The money is to refinance a loan from 2014, which falls due next month.

    • 23 Jan 2017
  • Trio signs up for Dasin Retail $359m multi-currency financing

    Dasin Retail Trust, which sealed the year’s first mainboard listing on the Singapore exchange earlier this month, has signed a loan that backed the IPO. The deal had four lead banks, which brought in three participants during syndication.

    • 20 Jan 2017
  • Stricter China rules seen pushing up pricing for offshore loans

    The margin compression that dominated the Asian syndicated loan market in 2016 was expected to spill into this year. But Chinese capital controls have proved to be a game changer, with Mainland companies compelled to turn to overseas funding, said market participants. Shruti Chaturvedi reports.

    • 19 Jan 2017
  • Sri Lanka back for more with $1bn RFP

    Sri Lanka has invited feedback from banks for a $1bn sovereign loan, with two bank groups said to be competing for the deal.

    • 18 Jan 2017
  • China Energy Reserve fires up $400m debut

    China Energy Reserve and Chemicals Group is making its debut in the offshore loan market with a deal of up to $400m launched by a single mandated lead arranger and bookrunner on Tuesday.

    • 17 Jan 2017
  • Cairn India in talks with banks for $1bn refinancing

    Cairn India is speaking to banks for a loan that will refinance borrowings that are due to mature over the next few years, bankers said this week. The company is looking to borrow through a Scotland incorporated subsidiary.

    • 17 Jan 2017
  • ZhengTong Auto zooms to bigger $409m financing

    The latest syndicated loan for ZhengTong Auto Services, a luxury auto dealership, has wrapped up at $409m, racing past the launch size of $300m as Chinese lenders came in with big commitments.

    • 16 Jan 2017
  • Pricing details out for Trans Retail Indo $575m loan

    Details on pricing have emerged on CT Corp company Trans Retail Indonesia’s $575m five year loan, which is expected to be pre-funded by seven lenders shortly.

    • 12 Jan 2017
  • Chinese banks eager to bite into McDonald’s financing

    M&A in Asia has started on a strong note this year, with the first big financing — for McDonald’s China’s $2.08bn acquisition by Citic and Carlyle — under way. While details of the syndicated loan are limited at this stage, the transaction has already gathered plenty of attention from bankers, writes Shruti Chaturvedi.

    • 12 Jan 2017
  • PIA touches down, Reliance Big wraps up $75m deal

    Pakistan International Airlines (PIA) has tied up funds totalling $130m via a syndicated loan facility.

    • 10 Jan 2017
  • Trans Retail firms up new loan, to prepay 2014 facility

    CT Corp company Trans Retail, which had been in discussions with banks for a fresh financing since late last year, is on the verge of signing the deal.

    • 10 Jan 2017
  • China e-commerce firm Fang Holdings eyes $120m

    Chinese real estate related e-commerce firm Fang Holdings is accessing loan market liquidity to refinance debt, mandating one Taiwanese lender to helm a $120m fundraising.

    • 06 Jan 2017
  • Taiwanese banks stung by TaiFX spike amid low loan pricing

    A jump in the cost of dollar funds at Taiwanese banks is causing concern in the syndications market even as the overall direction of loan pricing remains firmly downward. Bankers in Taipei said the situation could ease by the end of the first quarter but until then, they face the hard choice of settling for lower returns or seeing their loan books stagnate. Shruti Chaturvedi reports.

    • 05 Jan 2017
  • Novelis $1.8bn Asia refi of TLB hits market

    Invitations are out for a $1.8bn Asian loan that will refinance a US term loan B for Novelis. The launch comes about a month after the firm mandated 10 lenders to arrange the borrowing.

    • 05 Jan 2017
  • High level changes at Rabobank capital markets team

    Rabobank’s capital markets operation in Hong Kong has undergone senior staff changes with the departure of a veteran loans banker and the appointment of a new capital markets head.

    • 05 Jan 2017
  • Zhongding returns for €150m with one at the top

    Automobile parts maker Zhongding Hong Kong is back in the loans market after a year and a half for a €150m ($156.6m) three year facility.

    • 04 Jan 2017
  • Xtep fundraising goes past finish line at $200m

    Chinese sportswear manufacturer Xtep International Holdings has doubled the size of its latest borrowing to $200m after finding demand from a group of nine banks.

    • 04 Jan 2017
  • Goertek connects with dozen for $150m borrowing

    Allocations are out for a $150m three year loan for a subsidiary of Chinese electro-acoustic product maker Goertek, which gathered commitments from 10 banks during syndication.

    • 03 Jan 2017
  • Cifi seals $530m club loan in two tranches

    Chinese property developer Cifi Holdings (Group) Co has raised $530m from a multi-currency club loan.

    • 03 Jan 2017