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Bharti sounds on record loan for MTN buyout
10 May, 2008
Indian telco
Bharti Airtel is in discussions with banks for a US$15bn–$21bn bridge loan to partially finance its acquisition of South Africa’s MTN Group. Even at the low end, US$15bn, the deal would be the largest loan out of Asia Pacific, including Japan.
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‘Almighty bait and switch’? Rivals slam Truba Alam
10 May, 2008
UBS is hoping to reopen the Asian high-yield market this week with a three-year Reg S trade for Indonesia’s
Truba Alam Manunggal Engineering that has been slammed by bankers as “irresponsible”. -
Citi’s Korean RMBS gambit sparks interest, and questions
10 May, 2008
Residential mortgage-backed securities hit Asia (ex-Australia) for the first time this year with a bold US$300m Triple A rated deal from
Citibank Korea – the bank's first cross-border securitisation. -
Hibor, meet Libor: foreign issuers re-embrace HK bonds
10 May, 2008
Following a long cold winter, a spring thaw has set in on the Hong Kong dollar primary market.
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Indonesia global mandate sparks above-average grumbling
10 May, 2008
The
Republic of Indonesia last week mandated its US dollar global to Credit Suisse, Deutsche Bank and Lehman Brothers. The hiring process took some unusual twists and the mandates have sparked even more grumbling than would be usually expected for a trophy trade.
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Define povertyThe cyclone that hit Myanmar devastated the Irrawaddy delta, which produces 60% of country’s rice. The crucial spring harvest was being gathered just as the cyclone hit. The country is now without rice and the means to plant the next harvest. Famine is a real threat. read more |
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