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Investment Grade Loans

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  • Telefónica Deutschland is in the market for a €250m Schuldschein deal which should close in early March. It is looking for aggressive pricing, said one loans banker.
  • The bid for Hindustan Petroleum Corp’s (HPCL’s) latest loan has been won by a group of seven banks. The syndication strategy for the refinancing is still being worked out and the deal is in its early days, with the mandate having been decided only last week, said bankers.
  • Electricity Supply Board, the Irish power company, has amended and extended a €1.44bn loan facility with Intesa Sanpaolo and Santander joining the syndicate for the first time.
  • Banque PSA Finance, the finance arm of Peugeot and Citroën, has signed a new €700m loan and repaid €7.3bn of facilities as part of its new joint venture with Santander Consumer Finance, which covers the French and UK markets.
  • London-listed book publisher the Quarto Group has refinanced a $95m four year loan. The deal comprises a revolving credit facility and term loan.
  • Tentative allocations are out for Indonesian oil and gas company Pertamina’s five year fundraising. The loan has been closed at a size of $1.747bn, with the dozen banks at the top that prefunded the money managing to sell down as per expectations, said bankers close to the transaction.