Search results for

9280

South Africa The three banks that provisionally won the mandate to arrange a $300m financing for Telkom South Africa expect to be confirmed as arrangers today (Friday). The loan will be used for general corporate purposes. This is the first syndicated loan from South Africa this year, although two other borrowers from the country looked set to tap the market either this year.

Thailand Thai Cogeneration Co Ltd and MTP Cogeneration Co Ltd, wholly owned subsidiaries of Cogeneration Co (Coco), made the first drawdown on April 2 for the $600m project financing.

9631

Australia Salomon Smith Barney Australia is arranging a A$31m financing for Bovis Australia Ltd. The 18 month loan will finance developer Bovis Homes for the construction of the Excelsior Estate in Sydney, Australia. The borrower is a wholly owned subsidiary of the guarantor, P&O Australia Ltd.

As Asia's financial markets shudder back to equilibrium after last year's dizzying falls, the region's banks and corporates are beginning to look about themselves again. The financial scene they face has changed radically. Where once international investors circled round, eager for a share of Asia's soaring economies, now the landscape is almost deserted.

BANKERS are bracing themselves for another 10 year issue from a Brazilian borrower that has the potential to underperform on the back of overly aggressive pricing. "It's going to be a weird deal," said a syndicate head on Wall Street when asked about BNDES's plans to launch a $750m issue in the next few weeks. The development bank appears to have learnt nothing from the Federative Republic of Brazil's recent $1.25bn 10 year transaction earlier this month, which was awarded after a competitive bid and bombed after being launched at an unrealistic spread.

* ING Mercantile Mutual Bank Ltd Guarantor: ING Bank NV

BANKERS are bracing themselves for another 10 year issue from a Brazilian borrower that has the potential to underperform on the back of overly aggressive pricing. "It's going to be a weird deal," said a syndicate head on Wall Street when asked about BNDES's plans to launch a $750m issue in the next few weeks. The development bank appears to have learnt nothing from the Federative Republic of Brazil's recent $1.25bn 10 year transaction earlier this month, which was awarded after a competitive bid and bombed after being launched at an unrealistic spread.

BOOKBUILDING starts on Monday for a ¥150bn offering of new shares in NTT Data, Japan's leading provider of information systems and computer networking. The global equity issue - led by Daiwa - will be the largest offering of new shares in Japan since the re-opening of the primary market in 1993 after the collapse of the bubble economy brought new issuance of equity and equity-linked debt to a standstill.