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GC Asia
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Liberty’s UPC launches loans to fund Sunrise buy
Liberty Global has announced plans for a $7.4bn acquisition of mobile phone company Sunrise, less than a year after the latter's plans to acquire Liberty’s subsidiary UPC fell through. On Wednesday, it launched two sets of term loan 'Bs' to support the new deal.
11.45 AM -
Deutsche plucks two healthcare bankers
Christina Too and Gordon Butterworth will join Deutsche Bank as managing directors in its healthcare investment banking coverage and advisory team for Europe, the Middle East and Africa.
09.15 AM -
Proost! William Blair hires banker for food and drinks in Amsterdam
Arthur van der Goes is joining William Blair’s investment banking franchise from Rabobank.
07.00 AM -
Yanlord boosts loan to $1.1bn
Chinese property developer Yanlord Land Group has increased the size of its latest borrowing to $1.1bn-equivalent after receiving strong response during syndication.
06.45 AM -
‘Corruption is incentive plus stupidity,’ says J Capital's Anne Stevenson-Yang
Anne Stevenson-Yang is a director and co-founder of J Capital Research, a New York firm and short seller that specialises in Chinese companies, as well as international companies looking to grow their business in China. GlobalCapital spoke to Stevenson-Yang about the dangers of trusting financial reporting from China, and steps stock exchanges could take to stifle the likelihood of fraud.
11 Aug 2020 -
PP investors 'first in line' for Hammerson payout after rights issue
Institutional investors holding Hammerson’s £689m private placements are to be offered a pre-payment option first after the UK property company's intended rights issue, according to a prospectus on the upcoming trade. Unlike the UK property company’s bondholders and bank lenders, during their coronavirus amendment process PP investors negotiated an offer of pre-payment at par for 30% of any proceeds of capital raises or disposals.
11 Aug 2020 -
Barclays boosts global SRI team
Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.
11 Aug 2020 -
Taiflex closes dual-currency loan
Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.
11 Aug 2020 -
UK inflation reform to boost student loan ABS repayment
UK student loan securitizations are set to repay faster if the government decides to reform inflation indices in 2030, benefiting junior investors. Other noteholders could see returns drop if the government opts for an earlier switch date, however.
10 Aug 2020 -
Nordex signs state-backed loan for Covid-19 support
Nordex has signed a €350m revolving credit facility, guaranteed by the German state, to help the wind turbine manufactuer through the coronavirus pandemic. Elsewhere in Germany, Tele Columbus refreshed its loan support.
10 Aug 2020
