Leveraged/non-investment grade - All articles

  • Tyre maker Shandong Linglong hits the road for $200m debut

    Chinese company Shandong Linglong Tire Co has chosen dollars and euros for its maiden overseas fundraising.

    • 30 Jan 2018
  • Don’t ignore the GIFT that keeps on giving

    A recent syndication for Omani borrower Bank Sohar made market observers take notice, thanks to the presence of Axis Bank at the top group, reflecting Indian banks’ rising eagerness to provide liquidity for foreign currency deals. Yet the country rarely features in the roadshow schedule for fundraisings — an oversight that banks should rapidly correct.

    • 30 Jan 2018
  • Bain glides in with $305m loan for Trans Maldivian Airways

    Trans Maldivian Airways has landed back in the Asian loan market for a $305m senior secured deal, following its acquisition by a consortium led by Bain Capital Private Equity at the end of last year.

    • 26 Jan 2018
  • Dongying Fangyuan mines for $100m loan

    Dongying Fangyuan Nonferrous Metals Co has made a rapid return to the dollar loan market, seeking commitments for a $100m one year facility.

    • 24 Jan 2018
  • Shenzhen Sunway beams debut financing into syndication

    Shenzhen Sunway Communications has reached out to lenders for an up to $250m borrowing, marking its debut in the overseas loan market.

    • 23 Jan 2018
  • China Houze sets out for $60m loan with IFC umbrella

    China Houze Group, a non-bank financial company, has embarked on its maiden offshore loan syndication with the help of International Finance Corp.

    • 23 Jan 2018
  • Survey shines light on 3.29m index tally

    The Index Industry Association on Monday revealed that its members administered about 3.29m indices around the world, with more than 95% of those referencing equities.

    • 22 Jan 2018
  • Indian lenders woo FIs with overseas push

    Axis Bank’s presence in the top group of a recent loan for Oman’s Bank Sohar has once again put the focus on Indian lenders’ efforts to expand their overseas balance sheets. Banks from the south Asian country see FIG deals as a safe gateway to business in unfamiliar geographies — and are keen to step up their game. Shruti Chaturvedi reports.

    • 18 Jan 2018
  • Pan Brothers spins $150m three year deal

    Three bookrunners have kicked off primary distribution of an up to $150m revolver for Indonesian garment maker Pan Brothers.

    • 18 Jan 2018
  • ZhengTong Auto winds up $380m loan with 19 on board

    Luxury auto dealership China ZhengTong Auto Services has wrapped up its latest borrowing at $380m.

    • 17 Jan 2018
  • Deutsche strengthens Asia loan origination with hire

    Deutsche Bank has beefed up its debt origination team in Asia with the addition of an experienced loans banker.

    • 17 Jan 2018
  • Crédit Agricole veteran Sodhi promoted to global DCM corporates head

    Crédit Agricole has named Atul Sodhi as head of global debt capital markets corporates, for which he will relocate from Hong Kong to Paris.

    • 16 Jan 2018
  • Updated: Tata Steel mandates 21 for up to $2.16bn six year loan

    India's Tata Steel has lined up a group of 21 lenders for an up to $2.16bn six year loan, which will be launched into primary syndication in a couple of weeks, said bankers close to the deal.

    • 15 Jan 2018
  • Trans Media tunes in for $301m fundraising

    A $301m-equivalent five year refinancing for Trans Media Corpora has been launched into general syndication by five mandated lead arrangers and bookrunners.

    • 12 Jan 2018
  • India to be a bright spot for loan syndications in first quarter

    Indian loan activity has got off to a steady start, with a large borrowing for companies under the Tata Group, including Tata Steel, due to be mandated shortly. Lacklustre credit demand from Indian firms may become a thing of the past as market participants are betting on a pick-up in momentum from the country this year. Shruti Chaturvedi reports.

    • 11 Jan 2018
  • Trans Media plans new loan outing

    Trans Media Corpora, the TV broadcasting arm of Indonesian conglomerate CT Corp, is due to launch a new borrowing into general syndication soon, according to two bankers working on the transaction.

    • 09 Jan 2018
  • VietinBank taps loan market for new $100m financing

    Vietnamese state-owned VietinBank is back in the loan market with a $100m fundraising, this time with one lender at the helm.

    • 09 Jan 2018
  • Regional Capital Markets Awards Part I: Loans

    In the first instalment of our 2017 awards, we present the full write-ups of the winners for Best Investment Grade Syndicated Loan, Best High Yield Syndicated Loan, Best Leveraged/Acquisition Finance, Best Loan and Best Loans House.

    • 07 Jan 2018
  • Tata Motors' £640m refi heavily oversubscribed

    The response to Tata Motors' £640m ($839m) refinancing has been phenomenal, with the loan generating commitments exceeding $1bn, said bankers close to the situation.

    • 05 Jan 2018
  • Shelved Ant-MoneyGram deal casts cloud over China M&A

    Asia’s leveraged finance bankers started the year hopeful that volumes would pick up. However, US regulators have already undermined those hopes, blocking Ant Financial’s high-profile acquisition of local firm MoneyGram, calling into question the chances of further outbound deals from China. Shruti Chaturvedi reports.

    • 04 Jan 2018
  • South Africa’s MTN Group heads to Taipei for NDR

    South African telecommunications company MTN Group is holding a non-deal roadshow in Taipei this month.

    • 03 Jan 2018
  • Tata Steel and Jio-RComm loans in spotlight

    India’s Tata Steel has issued indicative pricing for a borrowing totalling $2.15bn, which will mainly refinance debt at its Singaporean and Dutch units.

    • 03 Jan 2018