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GC Asia
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Anglo Pacific increases dollar revolver again
Anglo Pacific Group, the London-listed, mining resources royalty company, has amended and extended its dollar revolving credit facility, which has now tripled in the last few years.
01.45 PM -
Lenders need to find their way on Libor
Loans bankers pride themselves on not succumbing to the knee-jerk reactions of their colleagues on the bond desk. But the Libor transition is highlighting serious flaws in this approach and it is causing alarm among corporate treasurers.
28 Jan 2020 -
Investec plucks healthcare pair
Jens Lindqvist and Brough Ransom have moved from N+1 Singer to Investec to cover healthcare.
28 Jan 2020 -
Goldman names new leaders for mid-market and sponsors units
Olaf Diaz-Pintado has been named head of Goldman Sachs’s cross markets group for Europe, the Middle East and Africa, while the bank has appointed new regional heads for its financial and strategic investors group.
28 Jan 2020 -
More calls for lenders to take Libor transition stance
Corporate debt advisers have joined the call for lenders to make clear their plans for the transition away from Libor, as frustration takes hold among some bank clients that a solution still seems far away.
28 Jan 2020 -
Lidl takes £500m loan in Asian-targeted deal
German supermarket chain Lidl has raised a £515m-equivalent loan from a consortium of Chinese and Taiwanese lenders for two of its European subsidiaries, in the company's first outing in Asian capital markets.
27 Jan 2020 -
Thailand’s Indorama looks to launch Schuldscheine
Indorama Ventures, a petrochemicals company headquartered in Bangkok, has mandated banks to raise Schuldscheine via a European subsidiary, according to several people familiar with the situation. The deal is a further sign of the instrument's growing popularity in East Asia.
27 Jan 2020 -
Warehouse REIT signs Libor-linked loan maturing in 2025
London-listed Warehouse REIT has signed a £220m loan, as the UK urban warehouse owner switches from bilateral to club borrowing. The deal will need to be revisited well before its five year tenor is up, as it is linked to the Libor benchmark that will essentially become obsolete for sterling transactions after 2021.
27 Jan 2020 -
Credit Suisse rejigs IBCM after ‘tough year’
Credit Suisse has streamlined its investment banking and capital markets operation (IBCM) and is confident that it will return to form after a chastening 2019, writes David Rothnie.
23 Jan 2020 -
Sovereign debt at greater risk of being ‘stranded’
The risk that huge amounts of oil and gas assets will be stranded by moves to tackle the climate emergency may be more pertinent for sovereign credit than for private sector corporate debt, according to new research.
23 Jan 2020
