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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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Turk Eximbank wants to wrap up €350m of loans in the next week, having set terms for the deal, which comprises one and two year tranches.
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Four banks have launched a $240m dividend recapitalisation loan for Asia Satellite Telecommunications (AsiaSat) sponsor Carlyle. These banks entered a facility agreement with AsiaSat on June 24 and opened the deal to retail participation on June 29.
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Bumi Armada has signed a loan and standby letter of credit facility worth a $755m with a group of seven banks. The money will be used to take out a bridge loan the company raised in March 2014 for the acquisition and installation of the Armada Kraken floating production storage and offloading vessel (FPSO).
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Akbank has added an accordion feature to its ground-breaking three year loan, as it seeks to close the deal on Thursday.
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BNP Paribas is sounding out lenders for a triple tranche loan that relates to the acquisition of telecom company TDF’s business in France, according to a source.
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Natural gas storage and transportation service provider CIMC Enric Holdings is seeking a $150m loan from the offshore market. The company has chosen one lender to arrange the fundraising, according to a banker away from the trade.