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Glencore Agri taps Asia for $300m loan
Commodities trading company Glencore Agriculture is making its loan debut in Asia, seeking $300m from the syndication market as a way to establish itself in the region and show its independence from its parent. The thin pricing on offer means only banks keen to build a relationship with the company in the hope of getting ancillary business will jump in, writes Pan Yue.
03 Nov 2020 -
Formosa to mandate six banks for $2bn loan
Formosa Plastics Corp has shortlisted six banks to arrange a multi-tranche financing for its Vietnam business.
28 Oct 2020 -
MMG gets $800m loan for Peru mine
Minera Las Bambas (MLB), a subsidiary of Hong Kong-listed MMG, has raised an $800m loan from four Chinese banks.
21 Oct 2020 -
PLN scraps $300m loan on government support
Indonesian state-owned electricity company Perusahaan Listrik Negara has cancelled a $300m loan, after receiving a capital injection from the government.
21 Oct 2020 -
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.
15 Oct 2020 -
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.
12 Oct 2020 -
Indian loan market shows signs of revival, but faces challenges
Indian borrowers are finally returning to the offshore loan market after months of little to no action. But even as a pipeline builds, bankers remain wary of challenges around execution. Pan Yue reports.
08 Oct 2020 -
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.
06 Oct 2020 -
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.
05 Oct 2020 -
India Eximbank raises $500m loan
Export-Import Bank of India has closed the syndication of a $500m loan after securing eight banks.
29 Sep 2020
