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GC Asia
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Prasac trims pricing on loan return
Cambodia’s Prasac Microfinance Institution has returned to the loan market for $200m, narrowing pricing by 35bp compared to its last transaction in 2020.
16 Apr 2021 -
EU eyes separate gas law, leaves harmful bioenergy in Taxonomy
The European Commission is set to put forward a new solution to the intense battle over the EU's sustainable finance Taxonomy, between green finance supporters and EU member states that want to safeguard their plans to use gas, GlobalCapital has learned. This would appear to involve leaving gas out of the sustainable category of the Taxonomy, as environmentalists have demanded, and making a "separate legislative proposal" to deal with gas and nuclear power.
15 Apr 2021 -
Cimpress preps cleanup of costly Apollo crisis debt
Cimpress has launched a cross-border term loan ‘B’, aiming to raise more first lien debt at tight levels to allow it to clean up its costly 12% second lien facility raised from Apollo last April.
15 Apr 2021 -
Wilmar launches $1bn loan
Singapore’s agribusiness company Wilmar International has returned to the loan market for a borrowing of up to $1bn.
15 Apr 2021 -
Finastra and Hubx team to bring digitalisation to loan market
Finastra and Hubx, two UK fintechs, have partnered to create a new syndicated loan tool that the companies claim completely digitises the bookrunning process, as the loan market makes its slow trudge away from manual processes.
14 Apr 2021 -
UniCredit beats Landesbanks to top spot in Schuldschein market
UniCredit swept away the Landesbanks in the Schuldschein market last quarter to claim pole position so far this year, with an arranging market share of nearly 20%.
13 Apr 2021 -
Global loan trade bodies publish Social Loan Principles as sector grows
The three global loan associations have launched the Social Loan Principles (SLP), as the ESG finance market expands beyond its environmental roots.
13 Apr 2021 -
Lufthansa raises money in quirky Schuldschein club deal
Lufthansa has issued a quirky Schuldschein this week, according to market sources, in that it was bought by the eight banks that arranged it, rather than being sold to investors.
13 Apr 2021 -
Sogo’s Future Development pays up for refi
An affiliate of department store Sogo Hong Kong has returned to the loan market for a HK$8bn ($1bn) deal to refinance a borrowing from 2016.
13 Apr 2021 -
‘Cascade of deals’ floods into levfin primary market
With holidays and earning out of the way and markets wide open, four new high yield bonds and two big term loans hit the market on Monday, constituting more than $11bn of internationally-targeted supply in total, with more than €4.5bn of euros in the mix.
12 Apr 2021
