Barclays
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US data centre firm Equinix has doubled the size of its euro term loan offering to €1bn, as it looks to acquire 29 data facilities from Verizon for $3.6bn, even as one investor noted an unusual 50% collateral cap on the firm’s secured debt. -
National Bank of Abu Dhabi signed a $2bn three year loan on Tuesday, cementing the bank group for its $175bn merger with First Gulf Bank, though some key European banks turned down a role on the deal.
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Deutsche Telekom and Hellman & Friedman have sold a 6.5% stake in Scout24, the German classified advertising website company, for €224m, through an accelerated bookbuild launched on Monday night.
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US based-Novelis, part of Indian company Aditya Birla Group, has lined up a syndicate of 10 lenders to arrange an Asia loan that refinances a $1.8bn US term loan B from last year.
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Four local government financing vehicles (LGFVs) ventured into the debt market last Friday, raising a combined $615m. The high yield issuers flocked out to take advantage of regulatory approvals that will expire at the end of the year.
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China's Tewoo Group snapped up $300m Thursday, leveraging off its appeal as an investment grade name with an international presence.
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Two firms with Asian links canned their US floats this week, with InnoLight Technology Corp and Ironshore announcing they have dropped their listing plans.
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Local government financing vehicles from China brought out a parade of deals on Friday, with issuers including those from Jiangsu and Shanxi fighting for investors' attention in the Asia ex-Japan debt capital markets.
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Barclays wants to be UK’s leading investment bank. Backed by a supportive CEO, it believes it has the team and strategy to achieve that, writes David Rothnie.
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Three Chinese corporates took centre stage on Thursday with their respective dollar bond offerings. So far this week, borrowers from the country are the only ones to tap the Asia ex-Japan debt market.
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Chinese local government financing vehicle Zhenjiang Transportation Industry Group sold its debut international bond on Monday, raising $140m from the only live deal in the market.
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US coatings manufacturer Axalta's euro and dollar term loans allocated this week, with 10 other leveraged loan deals expected to close in the next two weeks.
