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GC Asia
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Sun Hung Kai builds HK$5bn club loan
Hong Kong-listed Sun Hung Kai Properties has returned to the loan market for a HK$5bn ($645m) club deal. It is testing lender appetite at a time of growing selectiveness around the sector.
07.45 AM -
Fosun slices pricing on loan return
Chinese conglomerate Fosun International has cut pricing on a new $560m-equivalent multi-currency loan, as it counts on banks’ hunger to lend amid slow deal flow to push its transaction past the finish line.
05.00 AM -
BNP hires from Axis for loans team
BNP Paribas has hired veteran banker Rahul Mundra to its loan syndication team in India.
26 Jan 2021 -
Tencent in talks for $6bn club loan
Chinese technology giant Tencent Holdings is talking to its relationship banks for a jumbo $6bn loan, opting to once again favour a club deal over syndication in a bid to save on funding costs.
26 Jan 2021 -
BNP Paribas, CS and ING to cut Amazon oil financing
Three of the most active banks in financing oil exports from the Ecuadorian Amazon — an environmentally destructive industry with a long track record of trampling on indigenous people’s rights — have agreed to cease important parts of their financial support, after pressure from NGOs and a devastating oil spill in 2020.
25 Jan 2021 -
Taiwanese banks ditch IB-led loans over default fears, MoF guidance
Taiwanese banks are increasingly asking their loans teams to avoid participating in deals led by global investment banks, in line with guidance given by the finance ministry last year and over fears of being burnt again by possible defaults.
25 Jan 2021 -
UKEF backs biggest overseas infrastructure financing for Egypt rail project
UK Export Finance, the UK's export credit agency, has provided its largest ever overseas infrastructure guarantee to support the construction of two new monorails in Egypt. JP Morgan is leading a group of commercial lenders in providing the funding.
22 Jan 2021 -
Duo provides green loan for Cityplaza One acquisition
Standard Chartered and United Overseas Bank have provided a HK$5.29bn ($682m) green loan to support a Gaw Capital Partners-led consortium’s acquisition of Cityplaza One.
22 Jan 2021 -
Mphasis to set new record for LBO loan size from India
Asia’s loans bankers are salivating over the prospects of working on the largest ever leveraged buyout loan from India. Blackstone is looking to exit from IT services company Mphasis in a deal that has seen plenty of interest from other private equity firms. Pan Yue reports.
21 Jan 2021 -
Lenders rush to Grab loan, size gets boost to $1.75bn
Singaporean ride-hailing company Grab Holdings has boosted the size of its term loan B after receiving a strong response from the market, setting the stage for more Asian start-up firms to head to the US for financing.
20 Jan 2021
