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Investment Grade Loans

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  • Irish pharmaceutical company Shire has turned down a £42.4bn takeover offer from Takeda, putting pressure on the Japanese company’s ambitions for global expansion as it strives to maintain its dividend and investment grade rating.
  • Irish pharmaceutical company Shire has turned down a £42.4bn takeover offer from Takeda, putting pressure on the Japanese company’s ambitions for global expansion as it strives to maintain its dividend and investment grade rating.
  • A director on ING’s syndicated loans desk has moved to a different job, creating a vacancy that the bank intends to fill.
  • Several of the earliest Euro private placements will mature in the second, third and fourth quarters of 2018. As Euro PP agents gear up for their first serious spate of refinancings, the market faces a test: will its inaugural issuers remain loyal?
  • Dong Yin Development, a unit of China Orient Asset Management Co, has closed its $100m three year loan with close to 10 Taiwanese and Chinese participants, said sources close to the deal.
  • Philippine conglomerate San Miguel Corp and its power unit SMC Global Power are jointly seeking a $1.1bn loan to finance a $1.9bn acquisition of a power plant in the country.