Investment Grade

  • Mideast borrowers boost Asian loan market

    Mideast borrowers boost Asian loan market

    Two Middle Eastern borrowers are tapping the Asian loan market as part of a new syndication strategy, taking advantage of the slow primary supply in Asia.

  • SEWA woos banks for $250m loan

    SEWA woos banks for $250m loan

    Sharjah Electricity & Water Authority (SEWA), a state-owned firm in the United Arab Emirates, is making a rare appearance in the Asian syndicated loan market with a $250m borrowing.

  • Reliance nets $1bn from loan market

    Reliance nets $1bn from loan market

    Indian conglomerate Reliance Industries has made a quick return to the loan market, raising a $1bn facility to refinance a bond maturing later this month.

  • OVL mandates six for $700m loan

    OVL mandates six for $700m loan

    ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has picked six banks for a $700m borrowing.

  • Olam raises S$200m Sora-linked club loan

    Olam raises S$200m Sora-linked club loan

    Singaporean agribusiness Olam International has become the latest borrower in the country to offer a loan linked to the Singapore overnight rate average (Sora), a new benchmark.

  • PFC mandates duo for $200m loan return

    PFC mandates duo for $200m loan return

    India’s Power Finance Corp has mandated two banks for a $200m loan, and bankers expect the firm's government ownership will draw a strong response in syndication.

  • Chailease seeks $100m for Thai business

    Chailease seeks $100m for Thai business

    Taiwan’s Chailease International Finance Corp has launched its fifth loan of the year to the market. It is eyeing up to $100m through its Thailand subsidiary.

  • Mercuria opens $980m loan with Covid premium

    Mercuria opens $980m loan with Covid premium

    Commodities company Mercuria has returned for its annual borrowing of $980m. This time, it is enticing banks with a 10bp Covid-19 premium on the loan margin and fees.

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