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Syndicated Loans

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  • Beijing Enterprises Group and Youyuan International Holdings hit the loan market this week for their latest syndicated fundraisings.
  • Taiwan’s Mei Ta Industries and China’s New Hope Group have closed offshore borrowings, raising €245m and $150m, respectively. Ho Chi Minh City Power, meanwhile, has sealed Vietnam’s first onshore syndicated loan at D1.1bn ($47,000).
  • Bahrain-headquartered Gulf International Bank has successfully increased and closed a $500m loan, the bank announced on Wednesday.
  • Investors need to use their voices, especially by voting at AGMs, to improve the poor performance of many companies on protecting human rights, according to supporters gathered in London on Monday for the launch of the second annual results of the Corporate Human Rights Benchmark.
  • MetLife, the US insurance company, has made an unusual investment as part of its impact investment portfolio, which has about $200m of assets. It is providing a revolving credit facility to an impact investment fund, to enable it to cope more easily with redemptions.
  • Building materials company Knauf has signed a €4bn-equivalent underwritten debt package to go towards its purchase of US peer USG Corp, as lenders continue to reap the rewards of Germany’s booming M&A market.