Bank Tabungan takes loan into limited syndication
Indonesian lender Bank Tabungan Pensiunan Nasional, which is backed by Sumitomo Mitsui Banking Corp, is seeking $155m from the syndicated loan market.
View ArticleBanks pitch for NBCC Rp22bn stake sale
A group of Indian and international banks have pitched to manage the government’s sell-down of NBCC India, which is likely to be worth around Rp22bn ($328.5m), according to a source familiar with the...
View ArticleShenzhen Connect impact to be limited in primary
The Shenzhen-Hong Kong Stock Connect could herald a new dawn in opening up China’s capital account, but its impact on primary markets is expected to be limited, say equity capital market bankers.
View ArticleUSPP market could light up again in September
The USPP market could be set for a busy period beginning in September, according to one lawyer.
View ArticleSSAs hit mark in dollars as more issuers tipped to come
A pair of issuers brought comfortably oversubscribed dollar benchmarks on Wednesday, leading bankers to speculate that other issuers could be tempted to follow with trades in the currency next week.
View ArticleCLO spread tightening driving European market forward
Spread tightening is creeping down the capital stack in European CLOs, improving the arbitrage for CLO managers while still offering investors yield that is increasingly scarce in other credit markets.
View ArticleHighbridge looks to lead US CLO charge into Europe
US credit investment manager HPS Investment Partners, formerly Highbridge Principal Strategies, is looking to issue its first ever European CLO, according to sources speaking to GlobalCapital.
View ArticleRegs will treat retained portion of Wells CMBS as loans, not bonds
Wells Fargo issued the US CMBS market’s first ever risk retention compliant deal last month, retaining a 5% vertical interest which sources say will be treated like a loan participation rather than a...
View ArticleChalco poised to extract unrated dollar bond
Aluminum Corporation of China (Chalco) is out with a new five year on Thursday, having registered plans to sell a foreign currency bond with the National Development and Reform Commission last month.
View ArticleMalaysia's Serba Dinamik constructs $150m listing
Malaysia's Serba Dinamik Group is planning to raise as much as MR600m ($150.3m) in an IPO that could hit the market by the end of 2016, according to a source familiar with the matter.
View ArticleCR Beer seals HK$9.5bn rights issue on strong demand
China Resources Beer (Holdings) Co has wrapped up a multiple times oversubscribed rights issue, netting HK$9.5bn ($1.2bn), according to a filing with the Hong Kong Stock Exchange.
View ArticleBlackstone acquisition loan for Mphasis enters general
A $405m loan for Blackstone’s acquisition of Indian fintech firm Mphasis has entered general syndication, a couple of months after the borrower expanded the lending group in the senior phase.
View ArticleRoyal Industries misses first repayment on $380m loan
Royal Industries Indonesia is understood to have failed to repay the first principal installment on a $380m loan raised in 2015.
View ArticleCatalyst in place for Pacific’s low debt future
Bondholders are confident that a late attempt to derail Colombian-Canadian oil company Pacific Exploration & Production’s planned restructuring with Catalyst Capital will not succeed, after...
View ArticleIndia names banks for $250m Hudco sell-down
The Indian government has picked four banks to run its planned stake sale in Housing and Urban Development Corp, which could raise up to $250m, according to sources close to the deal.
View ArticleRMB round up: Stock Connect flows boosted, MRF gains traction, BOC index...
In this round up, Stock Connect flows boosted by Shenzhen Connect announcement, mutual recognition of funds (MRF) broadens fund selection, and Bank of China’s cross-border RMB index picks up in June....
View ArticleRBL Bank hits the market with Rp12bn IPO
India’s RBL Bank opened books on Friday for an up to Rp12.1bn ($180.8m) IPO — the first listing from a bank in the country in more than five years.
View ArticleLaos's EDL Gen plugs in for dollar bond in Thailand
Electricite du Laos Generation Public Company (EDL Gen) is looking to sell a $300m bond in Thailand late next week, and has mandated two banks to lead the deal.
View ArticleShanghai to fulfill RMB ambitions with FTZ bond
The Shanghai city government announced this week that it is exploring the possibilities of a free trade zone (FTZ) bond as part of China’s broader goal to provide more onshore renminbi products for...
View ArticleThree tipped for Oil India loan for Russia oilfield acquisition
Oil India is understood to have zeroed in on three banks to arrange new debt, following a request for proposals for a $650m loan with a $200m greenshoe option.
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