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Strong appetite from international banks for first gigascale 24/7 solar plant
ECA-backed deal comes after AFC raises $2bn to fund infrastructure development
Deal was three times oversubscribed
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
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China's Huawei Technologies has wrapped up syndication of its debut loan in the European market as commitments took the deal to a larger than targeted size of $1.6bn.
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Pricing has been revealed for Indian company Power Finance Corp’s $250m five year fundraising, ahead of its expected launch into syndication this month.
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Property developer Yanlord Land Group has cut the size of its fundraising to $385m from its launch size of $400m, as a combination of low pricing and competition from similar credits in the market made the deal a hard story to sell.
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Taiwan's banks are poised to spread their wings again in Asia's syndicated loans market, as some welcome stability returns to their notoriously volatile dollar funding costs. Confidence is growing that tight pricing will be less of a hurdle to lending, write Rashmi Kumar and Shruti Chaturvedi.
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Taiwan Cement Corp has relaunched its $1bn loan into syndication, after its going-private deal failed to gather shareholder approval earlier in the year. Now the company has revised some of the terms and changed the final purpose of the fundraising ahead of opening to the market.
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Chinese company Giant Interactive has closed its $850m leveraged buyout loan almost three months after it opened into syndication, with eight banks joining the deal.