Leveraged/non-investment grade - All articles

  • Logan builds demand for HK$2bn loan

    Logan Property Holdings has joined a few Chinese real estate companies in the offshore loan market, seeking a HK$2bn ($258m) borrowing.

    • 31 Mar 2020
  • Taiwanese banks push for market disruption amid rising TaiFX

    Taiwanese banks have triggered a market disruption clause on a recent loan signed by Indonesian company BFI Finance. The move, which allows lenders to increase the margins they earn on deals, is being considered for numerous other transactions too, GlobalCapital Asia understands.

    • 30 Mar 2020
  • Soho China eyes $1bn loan for take-private

    Property developer Soho China is in talks with banks for a bridge loan to support its potential take-private deal by private equity firm Blackstone, according to sources close to the situation.

    • 30 Mar 2020
  • CP Group’s acquisition loan open in senior

    Charoen Pokphand Group has invited banks to join a $7.5bn dual-currency loan in senior syndication. The deal will support the Thai conglomerate’s acquisition of Tesco’s Asia business.

    • 27 Mar 2020
  • Asian loans ready for tougher times after coronavirus

    Asian borrowers should ready themselves for tighter covenants on their loans once the Covid-19 outbreak is brought under control, multiple senior loans bankers told GlobalCapital Asia this week. A much-needed price correction may also be coming, writes Rashmi Kumar.

    • 26 Mar 2020
  • Ping An’s healthcare unit makes offshore loan debut

    An Ke Technology Co, a subsidiary of Chinese conglomerate Ping An Group, is in the market seeking a $300m three year loan.

    • 26 Mar 2020
  • Dai Quang Minh seeks banks for $130m loan

    Dai Quang Minh Corp, the real estate arm of Vietnamese carmaker Truong Hai Auto Corp, has opened a $130m loan into general syndication.

    • 25 Mar 2020
  • Bankers eye Indian loans amid signs of stress

    Indian banks and corporations hoping to fund in the offshore loan market were already facing difficult questions, following a wide-ranging clean-up of the country’s financial system. They are now facing a worse problem: the spread of Covid-19.

    • 24 Mar 2020
  • Wuhan’s Humanwell seeks $150m loan amid Covid-19

    Humanwell Healthcare Group Co, a pharmaceuticals company based in the epicentre of the Covid-19 pandemic, has launched a $150m loan into general syndication.

    • 19 Mar 2020
  • Prasac makes loan return amid ownership shake-up

    Cambodia’s Prasac Microfinance Institution has returned to the loan market for a $75m deal amid an ownership change.

    • 18 Mar 2020
  • Shandong Energy seeks $300m loan through Ping An

    Ping An Bank has stepped up in the offshore loan market, launching its first deal on a sole basis for Shandong Energy Group.

    • 17 Mar 2020
  • Sun Hung Kai makes rare return for HK$500m loan

    Hong Kong financial services firm Sun Hung Kai & Co has returned to the loan market after nearly four decades for a HK$500m ($64m) deal.

    • 17 Mar 2020
  • Press Metal raises $300m for Bintan Alumina stake buy

    Malaysia’s Press Metal Aluminium has raised a $300m dual-tranche financing to support its acquisition of Bintan Alumina Indonesia (BAI).

    • 16 Mar 2020
  • MMI considers A&E as refi pressure builds up

    Singapore hard disk drive company MMI International is looking to amend and extend an old loan ahead of a looming maturity, as it faces pressure on its financials.

    • 13 Mar 2020
  • New World China divvies up loan among 13 banks

    Property developer New World China Land has closed a HK$6.85bn ($880m) loan, attracting nine participants during syndication.

    • 13 Mar 2020
  • ESR makes loan debut with $250m deal

    ESR Cayman, a Hong Kong-listed logistics real estate company, is tapping the offshore loan market for a debut $250m borrowing through Standard Chartered.

    • 13 Mar 2020
  • CP Group’s Tesco Asia acquisition gets loan syndication bankers salivating

    Thai conglomerate Charoen Pokphand Group’s $10.6bn purchase of Tesco’s Asia business has been hailed as a “landmark” deal that will liven up the region’s loan market. Bankers are now openly debating how they can get in on a financing that will tap both international and domestic liquidity. Pan Yue reports.

    • 12 Mar 2020
  • Pandemic threatens M&A pipeline

    The coronavirus will depress mergers and acquisitions activity, hurt advisory revenues and change the emphasis of deal-making in 2020, writes David Rothnie.

    • 12 Mar 2020
  • Trio provide financing for CP Group’s Tesco buy

    Months of bidding for UK retail giant Tesco’s Asia business has finally ended, with Charoen Pokphand Group emerging victorious. Three banks have provided financing to the Thai conglomerate to support the purchase.

    • 10 Mar 2020
  • Tata Steel, Birla Carbon eschew syndications

    India’s Tata Steel and Birla Carbon have decided not to syndicate their chunky loans, amid reluctance from the bookrunners to sell down their positions in a slowing market for deals.

    • 10 Mar 2020
  • EU Taxonomy a mix of soft and strong, clear and vague

    The European Union’s Taxonomy of Sustainable Economic Activities, the latest draft of which was released on Monday, has been hailed by promoters as the opening of a new chapter in responsible investing. But the document is complex and much will depend on how market participants use it.

    • 10 Mar 2020
  • Supply chain company TVS picks banks for $185m loan

    TVS Supply Chain Solutions, a subsidiary of Indian industrial conglomerate TVS Group, has mandated three banks for a $185m loan that will be syndicated to a small set of banks.

    • 09 Mar 2020
  • Taxonomy coming on Monday

    Sustainable finance specialists are waiting eagerly to see the precise details of the European Union's Taxonomy of Sustainable Economic Activities, the next draft of which will be revealed on Monday.

    • 06 Mar 2020
  • Luxshare Precision breaks three year hiatus with $500m revolver

    China’s Luxshare Precision is in the market seeking a $500m revolving credit facility, returning to bank lenders after an absence of three years.

    • 04 Mar 2020
  • China Hongqiao returns for $200m

    China Hongqiao Group, an aluminium producer, has returned to the loan market for a $200m borrowing,

    • 04 Mar 2020
  • TCC lines up $10bn loan for Tesco deal

    TCC Group, controlled by Thai billionaire Charoen Sirivadhanabhakdi, has agreed a $10bn two year loan to support its bid for Tesco’s Asian assets.

    • 03 Mar 2020
  • Buana Finance makes loan return after five year break

    Indonesia’s Buana Finance has returned to the offshore loan market after five years, seeking a $73m loan.

    • 02 Mar 2020