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Syndicated Loans

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  • John Menzies, the Scottish aviation and distribution company, was set to launch syndication of around $417m of loans this week, a banker close to the deal told GlobalCapital on Tuesday.
  • Hong Kong and China-based fintech lender WeLab could be a sign of things to come in the Asian syndicated loans market as the start-up seeks out its debut borrowing. Some banks will no doubt cast off the industry as a fad and give it a miss. But now is as good a time as any to take a fresh look at fintech.
  • Banco CorpBanca Colombia is holding a roadshow in Taiwan alongside the US for a $200m two year syndicated loan.
  • Details have emerged on a $900m triple-tranche borrowing for Mercuria Asia Group Holdings and Mercuria Energy Trading, which has launched into syndication.
  • India’s Yes Bank has increased its latest loan to $130m from $100m. It tapped liquidity from Taiwanese lenders for the five year deal, which is the longest tenor it has sought from the syndication market.
  • UK financial software firm Misys launched a $1.5bn equivalent refinancing loan package on Monday with a bank meeting in London.