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Investment Grade Loans

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  • The Asian operation of commodity major Mercuria Energy Group is in talks with banks to refinance a $1bn loan it raised in November 2013.
  • Chinese smelter Yanggu Xiangguang Copper is looking for an offshore prepayment financing loan of $200m and has picked BNP Paribas to lead the deal.
  • Cigarette package printer Amvig Holdings has opened up an HK$2.6bn ($335m) refinancing into senior syndication. The deal has one mandated lead arranger and bookrunner and is offering banks the MLA title in senior.
  • Beijing Enterprises Water Group has opened into syndication a $120m ‘B’ loan as part of a $240m fundraising that is supported by the Asian Development Bank (ADB). The ‘B’ loan of the deal could double in size, depending on demand.
  • The Asian arm of Louis Dreyfus Commodities has closed syndication of its three year revolver at $500m, higher than its launch size of $300m, with the borrower’s relationship banks coming into the deal.
  • A consortium of five banks has won the mandate for Indian state-owned oil company Hindustan Petroleum Corp’s $200m five year loan, which features a $100m greenshoe.