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GC Asia
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Iberdrola weans off Libor in new €2.5bn SLL
Iberdrola, the Spanish utility, has signed a €2.5bn sustainability-linked loan, becoming the first Spanish company to use risk-free rates as a benchmark instead of Libor.
11.30 AM -
Trafigura sells sixth batch of US private placements
Commodity trader Trafigura has sold US private placements, according to market sources, in its sixth issuance in the market.
11.15 AM -
DIC Asset sells €250m of ESG-linked Schuldscheine
DIC Asset, the German commercial real estate company, has sold €250m worth of Schuldscheine. The debt’s margins are tied to the sustainability of its property portfolio.
21 Apr 2021 -
Train lessor Akiem sells green private placements
French train lessor Akiem has issued €290m of green US private placements, joining the likes of LondonMetric, Montea and King's College in drawing the market further into green and sustainable finance.
21 Apr 2021 -
Coats adds ESG to bank debt as KPIs remain in focus
Coats, the UK industrial thread producer, has signed a $360m loan, adding environmental, social and governance metrics to its bank debt for the first time.
21 Apr 2021 -
ChemChina opts for bilateral loans to raise $3.85bn for refi
China National Chemical Corp (ChemChina) is raising multiple bilateral loans worth about $3.85bn to refinance a deal maturing in early May, ditching syndication in favour of one-on-one agreements with banks. But while the cost benefits may be appealing, such an approach by borrowers is unlikely to be sustainable in the longer run. Pan Yue reports.
21 Apr 2021 -
European loan demand comes in well below expectations for Q1
European loan bankers were wildly optimistic for their hopes for deal flow in the first quarter, after a new survey from the European Central Bank shows that loan demand was 40% less than expected.
20 Apr 2021 -
JP Morgan provides €3.5bn for controversial football Super League
JP Morgan has emerged as the lender to a new Super League in European football. The US bank is committing to provide at least €3.5bn in debt for infrastructure projects, in the biggest shake-up of the world’s most popular sport in a generation. While highly controversial and not short of criticism, the new league will make its founding clubs more attractive investments.
19 Apr 2021 -
Clarion switches to Sonia for sustainability loan
Clarion Housing, the UK housing association, has signed a £100m sustainability-linked loan, with the borrower using Sonia as the pricing benchmark for the first time.
19 Apr 2021 -
PTPN signs loan extension
Indonesia palm oil company Perkebunan Nusantara III (PTPN) has signed an extension agreement for a $390.6m loan after almost a year-long discussion with banks.
19 Apr 2021
