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Eighteen year facility backed by EIFO comes as interest in energy infrastructure mounts
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
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Hong Kong listed company Samson Paper, which opened an HK$500m ($64.5m) loan into general in January, is likely to raise the facility size to HK$750m after receiving positive feedback for the borrowing.
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An HK$3.1bn ($400m) portion of an HK$4.46bn fundraising by CVC sponsored Hong Kong Broadband Network (HKBN) has hit general syndication, said bankers.
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Fresenius, the German kidney dialysis company, has seized the day, launching a loan refinancing project of around €3bn only two days after Standard & Poor’s upgraded it to investment grade.
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Swedish Match, which makes the tobacco product, snus, has secured a Skr1.5bn (€158m) multicurrency revolving facility. The loan will refinance a Skr1.6bn loan signed in 2010.
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Financial and leasing services company Far East Horizon, which wrapped up a three year loan in December, is already back for a $200m borrowing. Like its last fundraising, the latest bullet has a margin pegged to China’s state-owned Sinochem’s shareholding in the company.
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Cinven — Stanbic Uganda — Pirelli — Huhtamaki