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GC Asia
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Akbank set to kickstart refi season for Turkish banks
Despite a plethora of risks for Turkish assets, including the lira hitting fresh lows and both banks and the sovereign facing downgrades, the bi-annual refinancing season for Turkish banks is up and running. According to lenders, Akbank will open the market with a deal likely to close soon.
18 Sep 2020 -
Formosa seeks $2bn, set to create new pricing benchmark for Taiwan loans
Taiwan’s Formosa Plastics Corp has sent out a request for proposals for a $2bn loan to support its Vietnam business. Bankers expect pricing on its deal to reach a new low for borrowers from Taiwan — and set a benchmark for future transactions.
18 Sep 2020 -
Job loss fears rampant as pandemic pummels corporate debt volumes
Despite the financing that two jumbo acquisitions revealed this week would require, loans bankers fear that with no end to the coronavirus pandemic in sight and entire industries reeling from the fallout of lockdown, their jobs will soon be on the line. Mariam Meskin and Mike Turner report.
17 Sep 2020 -
HKBN connects with banks for HK$5bn refinancing
Hong Kong Broadband Network is enticing banks to a HK$5bn ($645m) loan by offering them a juicier margin than previously.
17 Sep 2020 -
Farrer Park raises Singapore’s first healthcare-linked green loan
Singapore’s Farrer Park Co has become the latest company from Asia to tap the green loan market, raising a S$200m ($147m) facility from United Overseas Bank.
17 Sep 2020 -
Covid can free markets to pursue green recovery
The Covid-19 pandemic has been a health and economic disaster — but it also creates opportunities, say responsible investing experts. The new environment means financial players can become more ambitious, socially and environmentally.
17 Sep 2020 -
Beijing Constructions builds $350m loan comeback
Beijing Construction Engineering Group has returned to the debt market for a $350m term loan.
16 Sep 2020 -
Cathay Pacific seeks consent for extension option
Cathay Pacific Airways is asking lenders’ consent to exercise the extension option on a 2017 loan.
16 Sep 2020 -
‘We are at a historic crossroads': Sir Ronald Cohen calls for impact-weighted accounts
Sir Ronald Cohen, the venture capitalist who chairs the Global Steering Group for Impact Investment, on Tuesday called on governments to mandate companies to publish impact-weighted accounts.
15 Sep 2020 -
BoCom Leasing, Hisense return for loans
Bank of Communications Financial Leasing has returned to the loan market, inviting banks to join a $300m three year green deal.
15 Sep 2020
