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AfDB hopes to launch multi-issuer securitization this year
◆ French firm takes €700m with unrated deal ◆ Double digit concession needed ◆ Deal prices inside debut, but returns higher yield
Deal liberates capital and tempts investors to take new frontier market risk
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Akbank has outlined plans to broaden the reach of Turkish banks among Asian lenders beyond Japan and improve awareness of longer tenors, as it returns to the loan market for the second time this year.
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Reliance Big Entertainment US has approached the Asian syndicated loan market for a $100m deal, bringing a rarely seen film production name to lenders. While there are some concerns over its cash flows, the borrower is mitigating those fears with two credit enhancements. Shruti Chaturvedi reports.
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Hotelbeds, the Mallorca-based travel services operator, has widened pricing on its €490m cov-lite seven year term loan ‘B’ following a muted investor response.
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Ethypharm, the French pharmaceutical firm, has allocated a €337m seven year term loan ‘B’ at tighter pricing than initial guidance, following a heavy oversubscription.
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A single bank has launched into syndication a $70m three year facility for Bank for Investment and Development of Cambodia (BIDC).
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US software firm Veritas allocated its leveraged buyout loan package this week, wrapping up a deal that has lasted over six months and coloured views of the leveraged finance market’s risk appetite.
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