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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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Kingboard Chemical Holdings is looking to increase the size of its loan to HK$6bn ($773m) from the launch size of HK$5bn, following robust demand from banks during general syndication.
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Yingda International Leasing, a company owned equally by General Electric and China’s State Grid Corp, is raising a Rmb500m ($82m) three year borrowing. The deal comes with a greenshoe that allows the bookrunners to double its size to Rmb1bn.
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Property developer HKR International is considering increasing the size of its borrowing to HK$6bn-HK$7bn ($774m-$903m) after receiving a strong response in a market where Hong Kong credits have been scarce.
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Yingda International Leasing, a company owned equally by General Electric and China’s State Grid Corp, is seeking an Rmb500m ($82m) three year loan in general syndication, with the help of two Taiwanese banks. The deal comes with a greenshoe allowing the bookrunners to double its size to Rmb1bn.
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Taiwanese electronics company Chicony Power Technology has hit the market for an NT$4bn ($128m) revolver, picking one bank to co-ordinate the transaction. The loan can be drawn in US dollars and Taiwanese dollars, depending on the borrower’s need, said a source.