News content
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Delachaux, the CVC-owned French railway track maker, is working to close books on its €690m loan repricing this Monday, with a second cut in the deal’s margin. -
Valeo Foods, the Irish food producer, has launched a €595m loan that includes a second lien tranche, to refinance debt and fund an add-on acquisition.
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The International Swaps and Derivatives Association (ISDA) and Markit have partnered to launch a trade classification tool for EMIR, which will allow investors to determine clearing obligations.
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Solusi Tunas Pratama (STP), the Indonesian telecom tower firm, is putting its Rph3.91tr ($302.24m) share sale on ice until markets regain their composure, with bankers choosing to err on the side of caution as Indonesian equities stumble.
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DP World, the Dubai-based global container ports operator, has released price guidance for a dollar benchmark five year bond at 180bp over mid-swaps.
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ING Turkey looks set to be the next bank in Turkey’s wave of refinancings to complete a loan, with bankers saying the deal could close this week.
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Afren, the troubled oil exploration company, has decided not to pay the $12.8m of interest which was due on its 2019 bonds on April 8, 2015, despite having raised $200m of interim funding on April 30.
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Ghana National Cocoa Board (Cocobod) has entered the early bird senior phase of its annual loan, according to bankers involved in the deal.
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Mexican peso issuance levels could rise if the euro's volatility stays at levels it hit last week, said syndicate bankers, as World Bank tapped the currency with a private green bond.
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Sinochem Hong Kong has chosen four banks to lead its $500m refinancing loan, with the banks planning to widen the syndicate in the near future.
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Norway’s DNB Bank has hired banks for a subordinated bond issue in Swedish kronor, which bankers said should be insulated from higher execution risk in bank capital.
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The price advantage German banks gain by issuing Schuldscheine over vanilla senior debt could be eroded in the next few months as the country’s draft bail-in law takes shape.
