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Deal was three times oversubscribed
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Divisions deepen over multilateral development banks’ climate commitments
Investors and techniques are ready for development banks to scale up securitization rapidly
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The recent move by two Asian oil companies to change covenants on existing borrowings has prompted a debate on whether more of their industry peers will follow suit. Some bankers believe the reality of a lower oil price environment justifies the revisions, while others are convinced the changes reflect the needs specific to these companies, rather than their sector, writes Shruti Chaturvedi.
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Yuexiu gets two for Shanghai tower acquisition loan — Healthy demand for Dongfeng Peugeot loan — ONGC Videsh sounds lenders for refi
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Development Bank of the Philippines (DBP) is said to have chosen three lenders to arrange its financing of up to $300m.
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A $480m fundraising for notebook maker Inventec Corp has launched into syndication, with one bank co-ordinating. A group of 17 banks is interested in the deal.
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Gazprom Marketing & Trading’s (GM&T) $500m credit facility was launched at $350m and increased to $500m after strong demand from banks, including a number of Asian names.
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Russian oil company Lukoil is bringing forward another rare Russian loan by syndicating the $500m tranche of a $1bn loan, which is due to close imminently according to bankers.