Loans and High Yield
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The list of Chinese real estate firms seeking to take advantage of the country’s Panda bond market is getting longer, with Agile Property Holdings the latest to have its application approved. -
State Bank of India and JSW Steel have set sights on the offshore bond market, announcing their respective fundraising plans on the stock exchange.
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European levloan investors snatched up Logoplaste’s €570m of acquisition loans, with many making reverse enquiries for the deal.
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Just one bank was absent from French automotives parts manufacturer Faurecia’s amend and extend deal signed June 24.
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Real estate developer Vingroup Joint Stock Company is back in the loan market for a $240m five year borrowing, which comes with a $60m greenshoe.
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In the week after the UK’s vote to leave the European Union many corporate bond specialists are feeling downbeat. But away from existential questions about the City’s future, the investment grade corporate bond market is actually in fairly good shape.
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A $425m five year loan for Marlin Enterprise's acquisition of a gold mine in Indonesia has been received well by retail lenders.
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Citic Envirotech has priced a $180m tap of its existing $175m 5.45% perpetual notes at the tighter margin of 4.25%, becoming the first Asian G3 bond issuer since the UK’s decision last Friday to leave the European Union.
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ICICI Bank’s international loan syndications team in Singapore is losing a banker who has been with the Indian lender for eight years.
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The Netherlands announced the sale of Propertize, a financial agency holding real estate loans from government bail outs, to a consortium formed by private equity firm Lone Star and JP Morgan on Tuesday.
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US, German and French bankers speaking to GlobalCapital from the control room of the European high yield market want London to keep their capital. But they admit it is a hopeless wish, if Brussels imposes a full Brexit.
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While a handful of loans were put on hold following the UK’s vote to leave the EU, a few deals already in the market are braving the choppy waters, with certain credits finding resilient support.
