Bank of America
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Halkbank has agreed a $888m equivalent loan with banks, making use of the novel 364/367 day tenor structure introduced by peer Turkish banks this year. -
The spectacular rise in China’s A-share market has been the stuff of dreams, capturing the imagination of investors the world over. But after a violent correction, Asia’s equity capital markets are on a knife edge, and bankers hope the market will find some calm in the summer, before the year’s biggest trades hit screens in the fourth quarter, writes John Loh.
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US water, hygiene and energy technologies provider Ecolab reopened the corporate bond market on Wednesday with a €575m issue after a shorter than expected shut down.
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Fiat Chrysler Automobiles has completed syndication of a €5bn revolving credit facility, in the company's first loan refinancing since Fiat Group Automobiles merged with Chrysler last year.
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Alex Von Sponeck, previously head of CEEMEA debt financing origination at Bank of America Merrill, Lynch, has become a partner Helios Credit Partners, an Africa and emerging markets focused direct lending fund.
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Bank of America Merrill Lynch has poached Martin Siah from Standard Chartered Bank to be its head of Asia real estate investment banking (IBK) and head of Singapore IBK, with the appointment taking effect from September, according to a memo seen by GlobalCapital Asia.
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A loan that had been in syndication since April from Hyva Global has been turned into a smaller club deal, but some lenders said weak sales in China prompted them to stay away.
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Mexican hotel operator Grupo Posadas saw its $350m seven year deal trade up on Friday as bankers said that there was still demand for high yield despite the sub-investment grade segment of the Latin American market suffering its worst year in terms of new issuance since 2009.
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Bank of America Merrill Lynch has named new co-heads for its investment banking division in Asia, splitting the role between bankers with southeast Asia and China expertise. The news follows the appointment of two new global IB co-heads earlier in the year.
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Korea Gas Corp (KoGas) mandated six banks as the company gears up for a benchmark sized return to the dollar bond market next month.
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Financial institutions will be forced to pay sky high premiums to print tier two before the summer, as they balance regulatory demands for more loss absorbing capital against an unfriendly primary market, writes Tom Porter.
