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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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Two banks have joined Solusi Tunas Pratama’s Rph3tn ($302.7m) multi-tranche loan in senior syndication, according to a banker.
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Land Bank of Taiwan has launched Da Meng Development’s NT$5.8bn ($194m) multi-tranche facility into syndication, with three titles and an early bird fee up for grabs.
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Six Taiwanese banks have won the mandate for Formosa Plastic Corp’s loan of around $500m, which is split into dollar and renminbi tranches.
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European leveraged loans are being flexed and facing delays owing to the wealth of issuance in the market as banks reprice deals to get them off their books ahead of August.
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Onfem Finance has signed a HK$3.8bn ($490m) three year loan with a group of 10 banks, managing to increase the deal size by HK$800m following a successful syndication.
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Shui On Centre has wrapped up its HK$3bn ($387m) three year loan after 24 lenders came on board, leading to an oversubscription of more than two times.