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An affiliate of department store Sogo Hong Kong has returned to the loan market for a HK$8bn ($1bn) deal to refinance a borrowing from 2016.
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Riddhi Shah, head of Asia Pacific financing group (AFG) trading at Credit Suisse, has resigned after more than two decades with the Swiss bank.
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Saudi Aramco has raised cash from an investor consortium by leasing a section of its pipelines, following a similar deal from Abu Dhabi National Oil Company (Adnoc) last year. Other Middle East oil companies may follow suit amid concerns over the future of the oil prices.
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Turkish lender Akbank has managed to roll over a syndicated loan, which also marks its debut piece of ESG financing. However, pricing widened beyond expectations owing to heightened volatility in both domestic and international markets.
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Chinese delivery company SF Express Co’s loan to support its acquisition of Kerry Logistics Network has received strong support from banks in senior syndication.
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Chinese department store operator Golden Eagle Retail Group has closed a $601m-equivalent refinancing loan with 15 lenders.