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Indonesian mobile phone seller Tiphone Mobile Indonesia is restructuring its debt after failing to make payments on a loan, adding to a growing list of stressed businesses in the country. But what is worrying bankers more than the default itself is the lack of transparency from the borrower, writes Pan Yue. -
Indonesian telecommunications company Tiphone Mobile is restructuring its debt after failing to make payments on an offshore borrowing in March.
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Uralkali, the Russian potash fertiliser producer, signed a $665m pre-export facility (PXF) with a consortium of international banks, as lenders say that Russian borrowers seeking funding are finding pricing remains the main point of contention with lenders.
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China’s Zhongyu Gas Holdings has launched a $300m refinancing loan into general syndication.
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The Ministry of Finance of the Lao PDR has returned to the loan market for a new financing of $50m.
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China Construction Bank International has repaid, ahead of schedule, a $1bn loan maturing in July 2021.
