Top Section/Ad
Top Section/Ad
Most recent
Despite the allure of lower loan prices, CLO managers should print deals cautiously
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Leveraged loans in stressed sectors like software carry refinancing risk
LBO financing includes $5.75bn term loan to be priced early next week
More articles/Ad
More articles/Ad
More articles
-
State-owned Hindustan Petroleum Corp was planning a five year loan worth $300m on Thursday as EuroWeek Asia went to press. But the Indian borrower will have plenty of competition: Indian Railway Finance Corp and Jindal Steel & Power both hope to launch deals within the next few days.
-
Private lender Federal Bank has launched a $70m loan into syndication, becoming the latest Indian lender to tap dollar liquidity. Other small banks are also now mulling deals — and two new deals could launch next week.
-
Chinese hypermarket operator Sun Art Retail Group looks set to price its Hong Kong IPO at the top of its range, after big demand left the books covered within days.
-
Ukrainian steel producer Metinvest is in talks with banks for a $1.2bn five year pre-export financing deal. The deal will be the largest loan for a Ukrainian credit since the onset of the financial crisis in September 2008.
-
Vedanta Resources is nearing the end of a year-long battle to acquire Cairn Energy’s Indian assets, after the government gave the deal conditional approval at the end of last week. Bankers are now rallying to close a $2.97bn loan — the final part of a three-pronged financing strategy — so that Vedanta can wrap up the deal by the end of the month.
-
Norwegian power conservation firm Eltek has signed a new Nkr1.3bn ($239.9m) loan facility to refinance the group’s outstanding bank debt after it sold Nera Networks earlier in the year.