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Banks ready to do deals but wiser to wait
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Two banks are co-leading Türkiye Garanti Bankasi’s second loan of the year, which will be used to refinance a $1.2bn facility due to mature this month. -
A £640m ($839m) refinancing for Tata Motors has entered the senior phase of distribution with seven banks running the deal.
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CCCG Overseas Real Estate (Core), a Singapore-based company owned by China Communications Construction Group, has approached banks for its maiden dollar syndicated loan.
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UK telecoms group Virgin Media will begin marketing a jumbo loan this week, in a market that bankers describe as awash with demand. Many issuers are returning in search of tighter margins as soon as their loan terms allow.
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Türkiye Garanti Bankasi has launched its second loan of the year as it refinances a $1.2bn facility due to mature this month.
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Kuwait’s Burgan Bank is planning to refinance a $350m syndicated loan that is due to mature next month.
