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BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
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Formosa Plastics Group has opened up a NT$70bn ($2.33bn) seven year loan to the market with two bookrunners. But the four participation levels on offer mean the top slot is still up for grabs.
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Indian state-owned companies are rushing to the dollar loan market, issuing requests for proposals and launching new deals. Their timing, amid a period of severe domestic volatility, has led many onlookers to speculate that the central bank is nudging these issuers towards the offshore dollar market.
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EMERGING MARKET SYNDICATED LOANS
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French ophthalmic lens maker Essilor has increased the size of its revolving credit facility by €100m after it was oversubscribed, despite the facility being priced at the tightest margin seen in Europe this year.
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Emerging Market syndicated loans