Investment Grade

  • Anglo Pacific increases dollar revolver again

    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.

  • 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.

  • More calls for lenders to take Libor transition stance

    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.

  • Lidl takes £500m loan in Asian-targeted deal

    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.

  • Thailand’s Indorama looks to launch Schuldscheine

    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.

  • Warehouse REIT signs Libor-linked loan maturing in 2025

    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.

  • Sovereign debt at greater risk of being ‘stranded’

    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.

Investment grade loans news archive