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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
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Private equity firm Blackstone has launched into syndication a $360m loan that will support its leveraged buyout of India’s Piramal Glass. -
Philippines’ SMC Global Power Holdings, the power unit of conglomerate San Miguel Corp, has returned to the loan market for $200m.
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China Merchants Group’s leasing subsidiary has returned to the loan market for a $479.75m borrowing.
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GLP, a Singapore-headquartered logistics facilities operator, has raised a $658m sustainability-linked loan.
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Agrochemicals company UPL Corp is set to be the first Indian company to raise a sustainability-linked loan (SLL) amid growing appetite for the product in Asia. The $500m deal will offer banks in the region a rare opportunity to participate in a syndicated deal from the asset class. Pan Yue reports.
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A consortium led by CVC Capital Partners is seeking a HK$2bn ($257.9m) loan to support the take private of Hong Kong fashion retailer I.T.
