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International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Divisions deepen over multilateral development banks’ climate commitments
Deal rules and slow primary market make ramping up deals difficult
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The Reserve Bank of India has given the nod for infrastructure companies to access foreign currency debt for shorter maturities than originally allowed — making a rare U-turn just four months after putting a new framework together. The RBI may have got it wrong first time around but it’s comforting that it lost no time in setting things right. -
A $315m five year loan for Stats ChipPac has been signed after being in syndication for six months. Eight banks eventually formed the lending group.
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Taghleef Industries, the Dubai-based food packaging film maker owned by Al Ghurair Group, is marketing a €280m seven year loan.
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Only domestic banks joined Borusan Holding’s $400m loan in syndication, although lead banks had hoped the deal would entice a global syndicate.
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South African furniture retailer Steinhoff International has nearly completed syndication of its £920m loan to buy French retailer Darty, according to a banker close to the deal.
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More details have emerged on a $405m loan being underwritten by three banks to fund Blackstone’s purchase of a stake in Indian fintech firm Mphasis.
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