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Syndicated Loans

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  • Friday marks one year since the launch of the Task Force on Climate-Related Financial Disclosure’s final guidelines — a blueprint for companies to report to investors how they are facing up to climate change.
  • Several international borrowers are marketing in the Schuldschein market. Though there are several idiosyncratic reasons for each, the prevailing idea is the instrument is competing with the unrated bond market on price again.
  • Russia’s Bank for Development and Foreign Economic Affairs (VEB) has signed an agreement with China Development Bank that could see the Chinese state run lender provide up to $9.8bn-equivalent in loans to finance joint projects between the two institutions.
  • Scandal-hit retailer Steinhoff International Holdings has asked its creditors for a three week extension to hammer out the final terms of a multi-billion euro debt restructuring.
  • The Asian dollar loan market is set for some new competitors. A number of Chinese joint stock commercial banks are seeking approvals to set up branches in Hong Kong, with a view to arranging syndicated deals. What impact will this have? Pan Yue finds out.
  • Commodities trader Trafigura has sent out invitations to relationship banks for its annual refinancing exercise.