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GC Asia
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VPBank Finance makes quick return for $150m
VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has made a rapid return for a $150m loan.
08.15 AM -
MUFG hires levfin banker to lead capital markets
JP Morgan's Raj Kapadia has joined MUFG as international head of capital markets, as the firm increases its leveraged finance focus. It has also set up a new group to advise clients at the C-suite level on market and macroeconomic developments, led by Tom Joyce, a hire from Deutsche Bank.
16 Oct 2020 -
Inventec boosts loan to $500m
Taiwan-based notebook computer maker Inventec has increased the size of its revolving loan to $500m after attracting 11 participants during syndication.
16 Oct 2020 -
Crypto firm Ripple starts XRP line of credit service
Ripple, the US cryptocurrency company, has launched a line of credit available to some of its customers, as corporate financers say that blockchain technology will likely continue to create new services associated with traditional banking.
15 Oct 2020 -
Buy it now: Barclays and Citi unveil eBay Classifieds loan
Barclays and Citi have begun syndication of the loan backing Adevinta’s purchase of eBay Classifieds, one of the largest EMEA M&A deals agreed this summer. The banks are marketing €1.33bn of term loans, with a bond deal to follow shortly.
14 Oct 2020 -
M&A banker Le Milon jumps to Barclays
Barclays has hired Gauthier Le Milon as head of M&A for France, Belgium and Luxembourg.
14 Oct 2020 -
Putting the 'K' in capital markets
The coronavirus crisis will continue to lead to divergence in economic fortunes, and that will play out in European capital markets as well.
13 Oct 2020 -
CapVest unveils loan for Curium plan B
Pre-pandemic, mid-market private equity firm CapVest was gearing up to sell its portfolio company Curium, in a €3bn auction which attracted interest from CVC, Bain and Nordic Capital. Covid collapsed the sale process, prompting a plan B for the asset — sell it to themselves.
13 Oct 2020 -
Sina taps both onshore and offshore for take-private loan
Sina Corp, a Chinese internet firm that owns social media platform Weibo, is seeking a $2.08bn borrowing from onshore and offshore borrowers. It plans to use the money to delist from the Nasdaq.
13 Oct 2020 -
Gold top: cream of direct lending biz covers up pain beneath
Large deals and fundraising from a clutch of elite direct lenders, alongside high profile tie-ups with sovereign wealth funds, have prompted many to characterise direct lending as enjoying a golden age. But the success of some funds looks set to come at the expense of many others, writes Silas Brown.
08 Oct 2020
