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  • A $250m loan for Fiat’s Indian arm has attracted large commitments from four lenders and is due to close soon.
  • South Korea’s stock market regulator has approved Hotel Lotte’s plans for an IPO, which could raise as much as $5bn and take the title of the largest listing in the country.
  • Infinitas, the educational publisher, has set final terms on the €435m senior secured debt package backing its acquisition by Compass Partners from Bridgepoint.
  • Kurt Geiger, the luxury UK shoe retailer, is holding bank meetings on Friday for a £150m buyout facility backing its £245m acquisition by Cinven from Sycamore Partners.
  • FIG
    European banks continued with their cautious approach to primary markets this week, but with covered bonds returning to the fore hopes are rising for a more exciting February.
  • Postal Savings Bank of China has picked five banks to lead its listing, which could raise as much as $15bn to become the largest IPO in Hong Kong in five years.
  • With bond issuers dithering this week in the emerging markets, a loan for Qatar snatched attention as the loan market bubbled away.The sovereign has completed and signed a $5.5bn five year loan, most of it held by the top line of banks on the deal.
  • A $975m refinancing for India’s Reliance Industries has opened for general syndication via 13 mandated lead arrangers and bookrunners.
  • India’s Bombay Stock Exchange (BSE) is searching for a bank to head up its long awaited IPO, which has been three years in the making.
  • GCL-Poly Energy Holdings’ rights issue to raise HK$3.47bn ($443.64m) has been poorly received, with the Chinese power firm’s shareholders coming in for just a little more than a third of the offering.
  • Macau casino operator SJM Holdings has enlisted one bank to sound out lenders for a HK$25bn ($3.2bn) loan for a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.
  • The Asian market finally saw some signs of activity on Wednesday with China Development Bank and Vista Land & Landscapes opening taps for their respective dollar bonds.