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New facility smaller than the original but 20% larger than the launch amount
In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
Market stress so far confined to consumer credit and SMEs across region
Tighter margin loan a 'sign of things to come' for infrastructure lending
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CCB Frontier Capital (Hong Kong), the overseas arm of financial services firm CCB Trust, is tapping the international syndicated loan market for the first time, for a $200m borrowing.
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Indian lender Yes Bank has decided to increase size of its five year syndicated loan, which was marketed to Taiwanese banks, to $250m from $200m, said a banker close to the trade.
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China Forestry Group has tied up its first international syndicated loan at HK$4bn ($513m), twice the launch size, as commitments flooded in from 18 banks during syndication.
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French engineering services company doubled its initial launch size to just €450m, joining the growing proportion of Schuldschein deals closing over €200m. But, some question whether the growing number of larger companies accessing the German private placement market might affect funding chances for smaller SMEs
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A $2.5bn refinancing by Reliance Industries (RIL) and its telecommunications arm, Reliance Jio Infocomm, has been opened to retail participants.
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There has been a change in leadership of the loan syndications department at China Minsheng Bank in Hong Kong, according to sources close to the matter.