Crédit Agricole
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Birla Carbon, part of Indian conglomerate Aditya Birla Group, is targeting its relationship banks for the senior syndication of a $1.2bn borrowing. -
Rating: Baa2/BBB/BBB (Moody’s, S&P, Fitch)
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ZTE Corp’s travails have taken a toll on the Chinese telecommunications firm and its bank lenders, with the company seeking a waiver after a covenant breach on a $450m loan. Despite the Chinese government throwing its weight behind ZTE, smaller lenders in the syndicate are worried about the ramifications, writes Pan Yue.
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. It kept its tenors short with a pair of FRNs, but found investors had a preference for the shorter option.
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. The company kept its tenors short with a pair of FRNs, but found investors had a preference the shorter option.
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Investors poured into Korea Water Resources Corp’s $300m green bond on Tuesday, satiating their thirst after a rare offering from the state-owned issuer. The deal got a boost of liquidity after the bookrunners tapped a growing pool of green-focused investors.
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Chinese telecommunications firm ZTE Corp, which has failed to comply with a covenant on a $450m syndicated loan due in July, has requested lenders to waive the breach, according to bankers close to the situation.
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A solitary syndication from KfW broke the otherwise placid waters of the public sector debt market on Wednesday.
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London-listed Ophir Energy has agreed a bridge loan to back its $205m acquisition of southeast Asian assets from Australian oil and gas company Santos.
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A solitary syndication from KfW broke the otherwise placid waters of the public sector debt market on Wednesday.
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Engine manufacturer Rolls-Royce returned to the European corporate bond markets on Wednesday after a break of nearly five years. The British company sold a €1.1bn dual tranche deal which extended its maturity profile in euros.
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Gruppo EF Solare Italia, Italy's leading photovoltaic solar energy company, has signed a €1bn project finance loan to refinance its debt after rapid growth through acquisitions.
