Citi
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The Asian investment arm of French luxury firm LVMH is in the market for a $130m leveraged buyout loan. This is one of the region's few deals to test appetite for credits where the underlying target is in the fashion industry. Shruti Chaturvedi reports.
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BoC Aviation has increased its latest borrowing to $500m after banks from across Asia poured into the transaction.
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A $1.5bn refinancing for Tata Steel has finally been opened into syndication, with invitations going out to a limited number of banks on Thursday. The company’s Singaporean subsidiary is raising the loan, which offers lenders an added incentive if they book the deal in the country.
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Hungarian Development Bank (MFB) printed on Tuesday a €300m 2.375% six year bond, in line with price guidance released earlier that day, bringing a fresh euro benchmark to the country.
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Investors showed enduring appetite for insurance capital on Wednesday as Scor found more than €2bn of demand for the second French deal in as many days.
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Kuwait petrochemicals firm Equate is scheduled to complete syndication of $6bn of loans this week.
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The Republic of Indonesia has gone against its normal strategy of raising conventional dollar bonds at the start of the year by issuing a massive $3.5bn dual-tranche offering on December 1. It broke with its policy for the first time in years in a bid to lock in low rates ahead of this month’s expected rate hike by the Federal Reserve.
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L Capital Asia, one of the private equity arms of French luxury company LVMH, is seeking a $130m five year debut loan that has launched into syndication.
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Santander was set to sell €1.25bn in seven year fixed rate bonds on Tuesday, appearing in the European senior market for the first time in a year and a half.
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South Korea’s Doosan Power Systems (DPS) bagged $300m from a hybrid bond on November 30, opting for a guarantee from Export-Import Bank of Korea. While it was a win-win for investors and the issuer, market participants are concerned about excessive use of the guarantee.
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Chinese notebook parts maker Luxshare Precision Industry has closed its three year revolver at $250m, partially exercising a $100m greenshoe.
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The Republic of Indonesia has returned to the dollar bond market for the third time this year for an up to $4bn deal, while eHi Car Services and Golden Wheel Tiandi Holdings are attracting high yield bids.