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GC Asia
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The coronavirus graphic to watch: first signs of Spain decelerating
UPDATED 7 April 2am GMT It is dangerous to be optimistic but the coronavirus data from Italy continue to be encouraging. On Monday there were 3,599 new cases, the lowest figure for 20 days. In Spain, Sunday's figure of 4273 was the lowest for 14 days.
01.00 AM -
India’s Adani returns to the PP market for more
Adani Transmission has raised a further $90m US private placement, according to market sources, after it became earlier this year the first Indian company to raise debt in the market since 2007.
06 Apr 2020 -
CEEMEA loans suffer worst quarterly performance on record, outlook bleak
The number of year-to-date loans signed across CEEMEA more than halved compared to last year, which bankers say is a direct result of the coronavirus crisis that has engulfed countries and markets worldwide. The outlook for issuance is bleak, to the dismay of many lenders.
06 Apr 2020 -
BRI sends out RFP for $1bn loan
Bank Rakyat Indonesia is planning a return to the offshore loan market. It is inviting banks to bid for a new deal.
06 Apr 2020 -
PLN braves tough market for $1bn loan
Indonesian power company Perusahaan Listrik Negara has sent out a request for proposals (RFP) to a large group of banks, aiming to raise a new offshore loan despite the impact of the coronavirus on bank demand.
03 Apr 2020 -
UAE's Network International refis loan
London-listed UAE payments company Network International has refinanced an existing loan, raising $525m from regional and international lenders.
02 Apr 2020 -
Akbank and Ülker raise loans, lenders demonstrate resilience
Turkey’s Akbank has refinanced a syndicated loan with tighter margins than its existing facility, as lenders demonstrate unwavering appetite for Turkish debt.
02 Apr 2020 -
Volatile funding costs: a test for Asian loans
Rising dollar funding costs for Taiwanese banks have pushed them to take an existing borrower back to the negotiating table for better returns on a loan. More worrying than the trigger of the market disruption clause, however, is the volatility that forced the move.
02 Apr 2020 -
Beijing Enterprises Clean Energy makes loan return
Beijing Enterprises Clean Energy Group is back in the offshore loan market, seeking a $150m borrowing seven months after its last deal.
02 Apr 2020 -
Russian firms eye up loans as Covid-19, oil war raise pressure
Russian commodity and metals companies are rethinking financing plans and talking to bankers about loans amid the drastic change in outlook due to Covid-19 and the oil price war. But bankers say borrowers insistent on pre-coronavirus terms on their deals must lower their expectations.
01 Apr 2020
