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Investment Grade Loans

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  • Commodity trader Gunvor Singapore has begun talks for a loan to refinance a $1.0627bn dual tranche revolver it wrapped up in July last year.
  • Donald Trump-esque behaviour pervaded the loan market last week and the Ranger spotted a number of clangers from market participants.
  • Yue Xiu Enterprises has doubled the size of its loan to $400m after seeing strong demand from lenders during syndication.
  • GlobalCapital understands that two of Nidera’s 19 bank lender group will not participate in the company’s upcoming €900m refinancing deal, hinting that there will be a strategic focus on core business by some banks in 2016. But banks remain confident that deals will get done ahead of a string of upcoming refinancings by commodities traders.
  • DCC — SIG — Capital & Regional — Transcom — North Energy
  • Austrian engineering and construction group Strabag has refinanced the €2.4bn of loans it signed in 2014 — a record size for an Austrian corporate borrower — with no changes to the banking group.