Leveraged/non-investment grade - All articles

  • Indofood tests bank appetite for $2bn acquisition loan

    Indofood CBP Sukses Makmur, an Indonesian instant noodle maker, has launched a $2.05bn-equivalent acquisition loan into syndication. The rare appearance of a strong credit in the market this year means banks appear eager to join the deal, writes Pan Yue.

    • 31 Aug 2020
  • CPM opens $500m debut into general

    CP Merchandising Co, a subsidiary of Thai agro-industrial and food conglomerate Charoen Pokphand Foods, has launched its $500m debut loan into general syndication.

    • 31 Aug 2020
  • Hexaware invites banks to join take-private loan in general

    A $600m loan to support Baring Private Equity Asia’s take-private of Indian software firm Hexaware Technologies has been launched into general syndication, with three banks joining at the top level.

    • 28 Aug 2020
  • Wilmar raises S$200m from Sora-linked loan

    Singapore’s agribusiness company Wilmar International has raised a S$200m ($146m) bilateral loan from DBS using the country’s new interest rate benchmark.

    • 28 Aug 2020
  • Okuda starts efficiency drive at Nomura

    Nomura has cut jobs in its investment banking business in Europe over the summer, following losses in leveraged finance, as its new chief executive eyes up other regions for growth, writes David Rothnie.

    • 27 Aug 2020
  • Genting in talks with banks for debt restructuring

    Genting Hong Kong, a cruise ship operator under financial pressure due to the pandemic, held a meeting on Monday with its bank creditors to discuss a debt restructuring plan.

    • 26 Aug 2020
  • Compart returns for $100m refi

    Compart Systems, a high precision metal components maker, has returned to the loan market to refinance an old borrowing from 2016, which was used to support its buyout by Platinum Private Equity.

    • 26 Aug 2020
  • China’s take-privates: no panacea for Asia’s loan market

    Leveraged finance bankers in Asia are counting on the possible delisting of a host of Chinese companies from the US to give a fillip to the region’s dollar loan market this year. But bankers should temper their expectations.

    • 25 Aug 2020
  • M&G raises W115bn loan in first for Korea’s property market

    M&G Real Estate Asia has received a W115bn ($96m) green loan from OCBC Bank to finance a green building in South Korea.

    • 21 Aug 2020
  • UBS hits stride after rocky road to collaboration

    UBS reckons it has a hit upon a ‘unique formula’ for growth as it expands its investment banking offering to its high net worth clients, writes David Rothnie.

    • 20 Aug 2020
  • Lei Shing Hong allocates $330m among 11 banks

    Hong Kong’s mortgage loan provider Lei Shing Hong Credit has closed a $330m-equivalent deal with 11 lenders.

    • 19 Aug 2020
  • Tianneng debuts with $100m loan

    Tianneng Power International, a Hong Kong-listed Chinese company focused on making environmentally friendly power batteries, is seeking a debut $100m loan.

    • 18 Aug 2020
  • JB Chemicals acquisition loan open in syndication

    JB Chemicals & Pharmaceuticals’ $206m loan is open in general syndication, with the proceeds going to support private equity firm KKR’s acquisition of a majority stake in the company.

    • 17 Aug 2020
  • CPF subsidiary invites banks for $500m debut loan

    Thai agro-industrial and food conglomerate Charoen Pokphand Foods is in the market for its third syndicated loan of the year, this time through subsidiary CP Merchandising Co.

    • 17 Aug 2020
  • Soechi wades out for refinancing loan

    Indonesian tanker company Soechi Lines, which is facing a big hit to its shipyard operation, is in discussions with banks for a refinancing loan.

    • 14 Aug 2020
  • Yanlord boosts loan to $1.1bn

    Chinese property developer Yanlord Land Group has increased the size of its latest borrowing to $1.1bn-equivalent after receiving strong response during syndication.

    • 12 Aug 2020
  • ‘Corruption is incentive plus stupidity,’ says J Capital's Anne Stevenson-Yang

    Anne Stevenson-Yang is a director and co-founder of J Capital Research, a New York firm and short seller that specialises in Chinese companies, as well as international companies looking to grow their business in China. GlobalCapital spoke to Stevenson-Yang about the dangers of trusting financial reporting from China, and steps stock exchanges could take to stifle the likelihood of fraud.

    • 11 Aug 2020
  • Barclays boosts global SRI team

    Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.

    • 11 Aug 2020
  • Taiflex closes dual-currency loan

    Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.

    • 11 Aug 2020
  • Henderson-led consortium seeks HK$20bn for Yau Tong Bay project

    A consortium-led by Henderson Land Development is in talks with banks for a new loan to support its development of a residential project in Hong Kong.

    • 07 Aug 2020
  • Ye Chiu breaks four year loan hiatus for $150m

    Recycling aluminium manufacturer Ye Chiu Group has returned to the loan market after a four year absence for a $150m deal to meet its refinancing needs.

    • 06 Aug 2020
  • Winson to extend 2019 loan by one year

    Singapore oil trading company Winson Group is planning to extend by one year a loan signed in 2019.

    • 05 Aug 2020
  • HKR raises HK$3bn loan from five banks

    HKR International, a conglomerate with operations in property development and healthcare, has turned to the loan market after five years for a HK$3.35bn ($432m) facility.

    • 05 Aug 2020
  • Cheng Loong attracts six to $130m capex loan

    Taiwan’s Cheng Loong Corp, a paper maker, has closed syndication of a $130m borrowing with nine banks.

    • 03 Aug 2020