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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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Hesteel Hong Kong Corp, part of China’s Hesteel Group, is seeking liquidity for a $150m three year bullet in the offshore loan market.
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An acquisition financing to back Indian company Intas Pharmaceuticals’ purchase of a portfolio of assets in the UK and Ireland is due to hit syndication soon. The loan is expected to be one of the first big ticket trades to be booked partly out of India’s international financial services centre, Gift City.
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UK luxury clothing retailer Ted Baker has increased the size of its revolving credit facility from £85m to £110m.
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Dutch asset manager NN Investment Partners has hired a head for its alternative credit boutique to oversee €14bn of assets, as the firm also plans to increase its focus on private debt.
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Gas Authority of India (GAIL) has rolled a $300m refinancing into general syndication through three mandated lead arrangers and bookrunners.
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Abu Dhabi Commercial Bank (ADCB), which is seeking a $300m loan from Asian lenders, is offering four participation tickets with details on the levels now available.