GC Asia
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NLMK joins Russian trend for sustainability-linked loans
Novolipetsk Steel, one of Russia’s largest steel producers, has amended an existing loan to include sustainability-linked pricing. The deal is the latest in a string of green financings in the sanction-laden country.
04.30 PM -
Sovereigns come to play in CEEMEA primary bond market
CEEMEA and Lat Am investors and analysts are being kept busy by heavy primary market activity this week — which has been notable for the entrance of big sovereign trades, though there has been plentiful activity across asset classes. But a recent rate cut in Turkey and the outbreak of a Sars-like virus in Asia are also drawing attention.
11.45 AM -
BFI Finance returns for $75m loan
BFI Finance Indonesia, which provides funding for automobiles, heavy equipment and properties, has returned to the loan market for a $75m borrowing.
06.45 AM -
DAE takes $300m in Chinese loan deal
Frequent syndicated loan borrower and United Arab Emirates-based aircraft lessor Dubai Aerospace Enterprise has raised a $300m term loan with Chinese banks.
21 Jan 2020 -
Techcombank readies new $300m loan
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has mandated five banks for a $300m loan.
21 Jan 2020 -
Trans Retail, Sritex mandate banks for loan return
Trans Retail Indonesia, previously known as Carrefour Indonesia, and textile firm Sri Rejeki Isman (Sritex) have both mandated banks for new loans.
21 Jan 2020 -
Norilsk Nickel to refi with tighter margins
Norilsk Nickel, the Russian nickel and palladium producer, is refinancing an existing $2.5bn facility. According to bankers, the new deal will have tighter margins than the original deal, which boasted the slimmest margins of any Russian syndicated loan in 2017. Some bankers are calling this the busiest January they have seen for years in the Russian market.
20 Jan 2020 -
Central bankers face up to ‘powerless’ future of climate-induced crisis
A research paper published on Monday by the Bank for International Settlements sets out how grave the peril of climate change is. It asserts the necessity of central banks grasping this problem as central to their responsibilities — but also admits that they will be unable to “preserve financial stability in the age of climate change”.
20 Jan 2020 -
China's central bank keeps LPR unchanged
Contrary to market expectations, the People’s Bank of China kept both the one year and five year loan prime rates (LPRs) unchanged on Monday.
20 Jan 2020 -
Zhongce Rubber returns for $250m refi
Zhongce Rubber Group has returned to the international loan market for a $250m refinancing.
17 Jan 2020
