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Eight banks provided loan facility to company
Heavy pre-financing in 2025 may be depressing activity
Pharmaceuticals and energy transition also ripe sectors for M&A
Munich-based company's deal is one of five launched this month
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Hong Kong carrier Cathay Pacific Airways has landed in the international loan market for a $350m three year borrowing. -
German filter maker Mann+Hummel has joined the flock of borrowers issuing green Schuldscheine, raising €400m with a multitranche deal that closed on Wednesday.
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Reliance Industries’ telecommunication arm Reliance Jio Infocomm is in talks with banks to refinance a two-tranche loan raised in late 2014.
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Indian Oil Corp (IOC) has returned to the loan market for the second time this year with a $300m five year refinancing, managing to squeeze pricing yet again.
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Norsk Hydro completed its buyout of fellow Norwegian aluminium producer Sapa, valued at Nkr27bn ($3.38bn) on Monday, drawing in part on its existing five year revolving credit facility.
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The head of credit for Axis Bank in Hong Kong has resigned and will be joining financial services firm Cantor Fitzgerald in October, sources told GlobalCapital Asia.
