Deutsche Bank

The euro market is braced for a difficult close to the year. Given the turbulent conditions expected, green bonds may come into their own.

Agro-industrial company Royal Industries Indonesia has failed to pay the first principal instalment on a $380m loan borrowed in June 2015. Although the incident was driven by circumstances unique to the borrower, market observers reckoned banks would now be more wary of lending to smaller, privately-held firms from the country. Shruti Chaturvedi reports.

BOC Aviation has ended an eight month break from the loan market, sending out a request for proposals for a $1.5bn revolver.

Royal Industries Indonesia is understood to have failed to repay the first principal installment on a $380m loan raised in 2015.

A $405m loan for Blackstone’s acquisition of Indian fintech firm Mphasis has entered general syndication, a couple of months after the borrower expanded the lending group in the senior phase.

Abu Dhabi investment firm Waha Capital has signed a $500m loan with a number of international banks from the original facility missing from the refinancing.

State-owned Indian Railway Finance Corp (IRFC) is steaming ahead with plans to issue its maiden offshore rupee-denominated bond in late September.

Dutch telecoms firm Ziggo made a bumper increase to its $1.6bn refinancing earlier this week, more than doubling the size of the loans offered and stunning some investors.

Bankers expect a slowdown in primary supply this week, as FIG issuers reflect on an unseasonably busy period for new issuance. But opportunistic trades remain possible, as spreads tighten across the sector.

A $3.5bn dual-tranche borrowing to back Tencent Holdings' acquisition of an up to 76.9% stake in Supercell has gone into general syndication.

Greenko Energy Holdings became the first Indian corporate to sell a green bond in US dollars this week, setting a benchmark for high yield names in the sector. Issuers from the south Asian country are leading a charge for green debt in Asia and more corporates are set to follow suit. Addison Gong reports.

Shell made a quick move from publishing earnings results to issuing a dual tranche bond on Wednesday, the euro market’s only investment grade corporate deal of the week.