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GC Asia
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EBRD to turn half green, despite opposition from US
The European Bank for Reconstruction and Development’s board of directors has approved a proposal to accelerate its transition towards being a green bank, including devoting over 50% of its investments to the green economy by 2025. But it has deferred a decision on when the rest of its activities will be aligned with the Paris Agreement.
10 Jul 2020 -
KKR’s Vinhomes loan faces pushback from Taiwan
KKR and Credit Suisse are soft-sounding a loan that will support the private equity firm’s acquisition of a stake in Vinhomes Joint Stock Co. But several Taiwanese bankers said they would not commit to the deal before they see a resolution to problems at MMI International, another KKR-linked company.
10 Jul 2020 -
Olam mandates four for ¥25bn Samurai loan
Olam International has made a quick return to the loan market, raising a ¥25bn ($233m) Samurai facility.
10 Jul 2020 -
Little hope as EM loan volumes plummet
Emerging market loan volumes dipped remarkably in the first half of the year as some borrowers retreated from the market entirely, while others tapped other asset classes for funding. To bankers' dismay, syndicated loan volumes are largely expected to remain low, though some show slightly more optimism.
09 Jul 2020 -
PTPN seeks consent for debt restructuring
Indonesia’s Perkebunan Nusantara III (PTPN) is seeking lenders’ go-ahead for a debt restructuring plan, after missing the principal payment on a $390.6m loan at the end of June.
09 Jul 2020 -
Banks talk tough on Cocobod terms
Ghana Cocoa Board (Cocobod), which is in the market to refinance a one year $1.3bn loan facility signed in September, is facing troubles according to bankers on the deal, contrary to comments recently made by its chief executive.
08 Jul 2020 -
CP Indo tests interest for $308m refi
Charoen Pokphand Indonesia is gauging appetite among a select few existing lenders for a new $307.9m-equivalent dual-currency loan.
08 Jul 2020 -
Global warming temperature scores to radically simplify green investing
CDP, the leading platform through which companies report their carbon emissions, has become the latest organisation to launch a potentially influential system of temperature ratings, so investors can work out how much global warming each company’s plans will theoretically lead to — and hence the overall temperature of a portfolio.
07 Jul 2020 -
Four line up for JB Chemicals acquisition loan
Four banks are set to sign the mandate letter for a $210m loan to support private equity firm KKR’s acquisition of India’s JB Chemicals & Pharmaceuticals.
07 Jul 2020 -
Amvig lights up new loan
Cigarette packaging producer Amvig Holdings has made a rapid comeback to the loan market for a HK$1.35bn ($174m) borrowing.
07 Jul 2020
