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Leveraged/non-investment grade - All articles
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Apex closes $50m loan for Thai business
Taiwan’s printed circuit board manufacturer Apex International has closed a $50m loan for its Thai business.
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MUFG seeks model change in quest for growth
MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.
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Allocations are out for Indofood’s acquisition loan
The allocation of Indonesian instant noodle maker Indofood CBP Sukses Makmur’s $2.05bn-equivalent acquisition loan has been finalised, after the lead banks closed the syndication earlier this month.
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HKBN closes HK$5.5bn loan
Hong Kong Broadbank Network has increased a loan to HK$5.5bn ($709m) after attracting 20 participants during syndication.
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Taiwan’s GIS returns to loans with longer tenor
Touch screen manufacturer General Interface Solutions, an affiliate of Foxconn Technology Group, is seeking a $300m loan to refinance a deal set to mature next year.
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China Biologic secures $1.1bn loan for privatisation
Two Chinese banks have agreed to arrange a $1.1bn loan to support China Biologic Products Holdings’ delisting from the Nasdaq stock exchange.
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Gaw, Schroder to mandate two for Cityplaza One loan
A consortium led by Gaw Capital Partners and Schroder Pamfleet is set to mandate United Overseas Bank and Standard Chartered for a loan to support its acquisition of Cityplaza One, according to two sources close to the situation.
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Masan gets $200m loan for subsidiary
Vietnam’s Masan Group Corp has signed a $200m loan with four banks to support a capital injection into a subsidiary.
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Blackstone seeks banks for Piramal Glass buyout loan
Blackstone is working on the financing for a potential acquisition of India’s Piramal Glass. Although the deal is still in its early stages, international banks are facing competition from cheap onshore liquidity. Pan Yue reports.
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Pakistan raises $370m loan
Pakistan’s Ministry of Finance and Revenue has raised a $370m syndicated loan from a group of 10 banks.
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Tianqi Lithium warns of potential default
Chinese company Tianqi Lithium Corp has warned of a possible default on an acquisition loan amid a liquidity crunch, as it struggles to make a repayment by the end of November.
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Cifi makes quick loan return
Shanghai and Hong Kong-headquartered property developer Cifi Holdings (Group) has made a quick return to the loan market. It is seeking $300m-equivalent.
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Debut, infrequent borrowers struggle to hit loan targets despite buoyant liquidity
A handful of borrowers have been forced to close smaller loans than expected recently amid waning interest from lenders. While bankers insist there is still plenty of liquidity, debut credits and infrequent borrowers are feeling the pinch in the pandemic. Pan Yue reports.
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FKS raises $255m loan from eight banks
Singapore-based FKS Food & Agriculture has closed a $255m-equivalent dual currency deal with eight lenders.
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ARA, Chelsfield raise green loan for Singapore property
ARA Asset Management and property company Chelsfield have raised a S$385.8m ($286m) green loan to finance the acquisition and renovation of 5One Central, a commercial building in Singapore.
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Emcure seeks loan for overseas business
India’s Emcure Pharmaceuticals has returned to the loan market after four years, seeking a small amount of $34m.
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JB Chemicals closes acquisition loan with 12 banks
India’s JB Chemicals & Pharmaceuticals has wrapped up a $206m loan to support KKR’s acquisition of a majority stake in the company.
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Muyuan closes debut loan at smaller size of $140m
Chinese pork producer Muyuan Foods saw lukewarm appetite among banks for its debut syndicated loan, which was closed at a smaller size of $140m.
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Correction: Zhaoheng misses payment on 2017 loan
Zhaoheng Hydropower (Hong Kong) has missed a payment on a 2017 dollar loan. It had extended the maturity on that deal earlier this year.
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Indofood wraps up syndication for $2bn acquisition loan
Indonesian instant noodle maker Indofood CBP Sukses Makmur has closed syndication of its $2.05bn-equivalent acquisition loan. The allocations are expected to be out in the next few weeks.
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Oceanwide returns for $291m loan
China Oceanwide Holdings has returned for a $291m loan that is backed by a letter of credit.
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Wistron returns with tightly priced loan
Taiwan’s technology service company Wistron Corp has returned to the loan market for a $300m facility.
