Wells Fargo Securities
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Doha Bank is syndicating a $500m two year loan and commitments are due in mid-December. But at least three bankers have told GlobalCapital that they think the pricing is tight. -
Turkey’s Garanti Bank and Finansbank have signed one year loans, completing the second round of refinancings for Turkey’s large commercial banks.
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Avago Technologies, the US semiconductor components maker, has increased the €500m tranche of its term loan ‘B’ to €900m on strong demand, in another sign of the European leveraged loan market’s competitiveness.
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Avago Technologies, the US semiconductor components maker, has increased the €500m tranche of its term loan ‘B’ to €900m on strong demand, another sign of the European leveraged loan market's competitiveness at the moment.
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Aldi, the German discount supermarket chain, has signed a private club loan for around €600m with six banks. The deal is the company's first syndicated loan, according to bankers.
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WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.
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The International Swaps and Derivatives Association’s (ISDA) protocol to allow regulators to temporarily stay contract close-outs now covers an estimated $560bn of cross-border securities financing.
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Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.
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ICBC New York returned to the dollar bond market one year after its debut with a $1bn dual-tranche offering on November 5. While the deal was popular with Asian accounts, interest from the US was lukewarm because of the issuer’s aggressive pricing tactic.
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Industrial and Commercial Bank of China New York has wrapped up its second offshore bond, sealing $1bn on November 5. But while Asian interest was strong, the issuer’s aggressive pricing tactic meant demand from US investors was lacklustre.
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Senior loans bankers report they are working through the night to cope with the surge in Middle East loans, as even the Sultanate of Oman piled into the market to grab funding while it can. After all, the conditions will not last, writes Elly Whittaker.
