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GC Asia
Syndicated Loans
GC Loan Awards poll closes today!
GlobalCapital’s poll to determine our Syndicated Loan and Leveraged Finance Awards 2020 will close today.
25 Nov 2020
Syndicated Loans
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High Grade
Bellway debuts in US private placement market
UK homebuilder Bellway has sold £130m of US private placements, according to market sources, across seven and 10 years.
25 Nov 2020 -
Investment Grade
Mercuria beefs up banking group in $1.7bn facility
Mercuria, the Swiss commodity trading firm, has signed a $1.7bn credit facility for its US business, with the company reducing the size of the deal being refinanced but continuing the trend of trading firms of adding to their US banking groups.
25 Nov 2020 -
Investment Grade
Gunvor’s US business follows European arm into loan market
Gunvor, the Swiss energy trader, has signed a $1.1bn credit facility through its US arm a week after completing a similarly sized deal for its European operations, with five new lenders joining the annual US refinancing.
24 Nov 2020
Other news
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Mercuria beefs up banking group in $1.7bn facility
Mercuria, the Swiss commodity trading firm, has signed a $1.7bn credit facility for its US business, with the company reducing the size of the deal being refinanced but continuing the trend of trading firms of adding to their US banking groups.
25 Nov 2020 -
GC Loan Awards poll closes today!
GlobalCapital’s poll to determine our Syndicated Loan and Leveraged Finance Awards 2020 will close today. If you haven't yet voted, we would be delighted if you would take this opportunity to pick the deals and firms that have made the most difference to loan markets in 2020. We remind you that an institution cannot win a category it hasn't voted on.
25 Nov 2020 -
Allocations are out for Indofood’s acquisition loan
The allocation of Indonesian instant noodle maker Indofood CBP Sukses Makmur’s $2.05bn-equivalent acquisition loan has been finalised, after the lead banks closed the syndication earlier this month.
25 Nov 2020 -
Gunvor’s US business follows European arm into loan market
Gunvor, the Swiss energy trader, has signed a $1.1bn credit facility through its US arm a week after completing a similarly sized deal for its European operations, with five new lenders joining the annual US refinancing.
24 Nov 2020 -
HKBN closes HK$5.5bn loan
Hong Kong Broadbank Network has increased a loan to HK$5.5bn ($709m) after attracting 20 participants during syndication.
24 Nov 2020 -
Greencoat agrees £500m debt-funded purchase but warned on debt metrics
Greencoat UK Wind, the renewable infrastructure fund, is buying a 38% stake in an offshore wind farm for £500m using new and existing debt. But analysts warn that the fund could push through its debt ratio limit in the coming years.
23 Nov 2020 -
Cineworld offers sweetener for new emergency cash
Cineworld has stapled warrants for 9.9% of the company to its latest tranche of emergency funding, a $450m lifeline that comes with an undisclosed but eyewatering interest rate. The new cash has unlocked a further round of covenant waivers from its revolver banks, and should give the company a chance to keep trading until coronavirus vaccines bring back a semblance of normality to the economy.
23 Nov 2020
Comment
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Central banks are on the path to prioritising green assets
The European Central Bank's decision to embrace sustainability-linked bonds (SLBs) as collateral and for its asset purchase programme is a sign of what is to come.
24 Sep 2020 -
Stop hand-wringing about the sovereign doom loop
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ECB risks disturbing nest of German legal vipers
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Covid-19 could hand more power to the ECB
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UK government virus switcheroo risks City's long-term health
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US big beasts dominate UK broking with different styles
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Sustainability-linked bonds: I should Coco
Investment Grade
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Mercuria and Gunvor bring more banks into fold for US facilities
Mercuria and Gunvor, the Swiss commodity and energy trading firms, have signed credit facilities for their US businesses, with both companies adding more banks to the deals.
06.45 PM -
Loans market defiant as Moody’s frets over faltering economic recovery globally
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Government reins in UK council borrowing with new PWLB guidelines
Leveraged/non-investment grade
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MUFG seeks model change in quest for growth
MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.
06.00 PM -
Loans market defiant as Moody’s frets over faltering economic recovery globally
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GC Loan Awards poll closes today!
Emerging markets
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Turkish banks steam ahead with funding
Turkish lender Garanti Bank has raised a syndicated loan, as the country’s top-tier banks continue securing funding at competitive rates.
01.00 PM -
Lenders bank on bumper supply from China as eyes turn to 2021
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Allocations are out for Indofood’s acquisition loan
Private Debt
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Government reins in UK council borrowing with new PWLB guidelines
The UK government tightened guidance for local authority borrowing on Wednesday, in a bid to stymie the riskier borrowing-to-invest models certain UK councils have adopted over the past decade.
25 Nov 2020 -
Bellway debuts in US private placement market
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GC Loan Awards poll closes today!
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MTNs join bank sub-benchmark flurry
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Schroders targets pandemic opportunity
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Cineworld offers sweetener for new emergency cash
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Hogwarts owner strikes £200m deal in private market
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'US direct lending saturated,' says Pemberton
Editor's picks
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Capital markets face permanent changes to working practices
15 Jun 2020 -
Financing a crisis: Europe’s sovereigns fund pandemic response
15 Jun 2020 -
CEEMEA sovereigns lead bond market rebound
15 Jun 2020 -
CEE sovereign issuers paint encouraging picture for post-Covid recovery
15 Jun 2020 -
UK DMO keeps calm and carries on
15 Jun 2020 -
Supporting sovereigns and aiding the private sector: agencies bridge gaps
15 Jun 2020 -
After the virus: what have we learned from the Covid-19 crisis?
15 Jun 2020
People News
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MUFG seeks model change in quest for growth
MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.
06.00 PM -
Goldman changes UK IB and ECM leadership
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Rolls-Royce lands cash call after flight risk
