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Investment Grade Loans

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  • Victory City Co has hit the syndicated loan market for a HK$2.6bn ($333m) fundraising with five bookrunners at the helm.
  • Indian lender Yes Bank may increase the size of its latest borrowing, a $200m five year that was aimed at Taiwanese banks, as total commitments have exceeded the base amount.
  • Crane maker Konecranes has launched its inaugural Schuldschein, following in the footsteps of its Finnish compatriot, food packager Huhtamäki.
  • Banks that committed to a $250m loan for Saka Energi Indonesia, the upstream oil and gas arm of Indonesian state-owned Perusahaan Gas Negara, can expect to be scaled back after $285m of pledges came in by the end of general syndication.
  • Indian state-owned company Power Finance Corp (PFC) has sent a request for proposals for a loan of up to $300m, seven months after a failed attempt to raise $100m-equivalent from a 10 year deal.
  • Hong Kong carrier Cathay Pacific Airways has landed in the international loan market for a $350m three year borrowing.