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At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
Six tranche loan attracts record demand
Bonds of energy importers have sold off, but investors convinced fundamentals are still strong
New methodology follows headroom created by S&P revision last year
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Slow responses from Polish banks have delayed syndication of the Z5.14bn (€1.16bn) of loans for the leveraged buyout of Allegro, the online marketplace, with demand for the deal from local lenders weaker than expected, according to two bankers.
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Yingda International Leasing has wrapped up a $250m two year loan with 14 banks joining the syndicate.
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Central China Real Estate has hit the market for a $150m syndicated loan that will go towards refinancing outstanding — and more expensive — bonds.
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South African gold miner Sibanye has agreed to buy US palladium miner Stillwater for $2.2bn and will raise a $2.7bn loan to pay for the acquisition. Sibanye joins South African borrowers Steinhoff and Aspen in raising large loans for M&A this year.
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Property developer Country Garden Holdings has signed a $1.5bn dual currency syndicated loan for general corporate purposes, including prepayment of debt.
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A HK$4.851bn ($625m) leveraged buyout financing to back the acquisition of Wharf T&T by MBK Partners and TPG Capital has closed in syndication, with 13 banks joining the leads.