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Axis sells full Syndicate Bank loan — Onfem boosts size to HK$6bn — Indorent closes $175m borrowing with 13 banks — VPBank wraps up $200m facility — Vingroup attracts 14 lenders -
India’s National Thermal Power Corp has mandated three lenders for a $300m-equivalent Samurai loan, after sending out a request for proposals last year.
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The US-Iran crisis has made for a slow start to CEEMEA bond issuance, though confidence is growing among issuers after Iran executed a revenge strike on Tuesday that some in the bond and loan markets have seen as a way out of escalating tensions any further. Blow out bonds from Mexico and Slovenia have also helped confidence and investors seem keen to buy after a decent end to 2019.
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India’s Syndicate Bank has closed its $100m borrowing, with the lead bank selling the entire amount to three participants.
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Minmetals Land’s subsidiary, Onfem Finance, has attracted 17 lenders during syndication, allowing the borrower to boost its loan to HK$6bn ($771m).
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Indonesian automobile company CSM Corporatama, also known as Indorent, has wrapped up its syndicated loan at a bigger size of $175m.
