http://www.ifrasia.com http://www.ifrasia.com http://www.ifrasia.com/magazine/graphics/logo.png http://www.ifrasia.com http://www.ifrasia.com/vedanta-pushes-indian-loan-markets-boundaries/602372.article http://www.ifrasia.com/vedanta-pushes-indian-loan-markets-boundaries/602372.article The US$8.5bn–$9.1bn acquisition of Cairn India by London-listed Vedanta Resources is only the latest jumbo deal in the red-hot Indian market. It is also another example of the importance that companies attach to underwritten financing in today’s M&A market. Sat, 21 Aug 2010 00:00 GMT http://www.ifrasia.com/gms-indian-unit-completes-rare-rupee-loan/600988.article http://www.ifrasia.com/gms-indian-unit-completes-rare-rupee-loan/600988.article Deutsche Bank last week closed a Rs10bn (US$217m) loan for GM India, marking a rare instance of a foreign multinational raising rupee debt. A handful of Indian lenders participated in the financing, which allowed GM India to raise funds at a much lower cost than US parent General Motors and expand its lending relationships. Sat, 7 Aug 2010 00:00 GMT http://www.ifrasia.com/berau-goes-on-the-road-with-global-bond/595756.article http://www.ifrasia.com/berau-goes-on-the-road-with-global-bond/595756.article Berau Coal has mandated Credit Suisse and Deutsche Bank on a US dollar senior unsecured guaranteed Global bond. The deal hit the road last Wednesday in Hong Kong, moved to Singapore on Thursday, London on Friday and hits New York and Boston on Monday and Tuesday. Funds will go towards refinancing and the US$175m acquisition of Maple Marketing. The paper is expected to be rated B2/B+ (Moody’s/S&P) with a stable outlook from both agencies. Sat, 26 Jun 2010 00:00 GMT http://www.ifrasia.com/financing-opportunities-galore-as-indian-telecom-auction-ends/591559.article http://www.ifrasia.com/financing-opportunities-galore-as-indian-telecom-auction-ends/591559.article With the auction for 3G licences in India ending on a frenzied pitch, capital markets are bracing for a bonanza of financings from Indian telcos. The auction of 3G licences and an associated sale of broadband wireless access spectrum is now expected to fetch Rs800bn–Rs1trn (US$17bn–$22bn) for the Indian government and bankers were giddy last week with excitement as bidders began to line up additional financings. Sat, 22 May 2010 00:00 GMT http://www.ifrasia.com/irfc-looks-to-follow-suit-after-rec-adds-to-loan/604137.article http://www.ifrasia.com/irfc-looks-to-follow-suit-after-rec-adds-to-loan/604137.article Lenders have flocked to a US$200m five-year loan for Rural Electrification Corp leading to an increase in the size of the deal and prompting the company’s peer, Indian Railway Finance Corp, to seek a raise to its like-sized and like-tenor borrowing. Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/kexim-hands-rare-bookrunner-mandate-to-taiwanese-lender/604163.article http://www.ifrasia.com/kexim-hands-rare-bookrunner-mandate-to-taiwanese-lender/604163.article In a sign of the growing reliance of Asian borrowers on Taiwanese lenders, the Export-Import Bank of Korea has awarded a sole mandate to Taiwan Cooperative Bank for a US$200m three-year loan. It marks the first instance of a Korean FI relying solely on a Taiwanese lender for its loan-market borrowing. Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/cash-for-gas/603995.article http://www.ifrasia.com/cash-for-gas/603995.article HSBC has closed syndication for a US$250m five-year amortising loan for Transportasi Gas Indonesia, a 60:40 JV between Perusahaan Gas Negara (Persero) and Transasia Pipeline Co. Proceeds are for capex and refinancing existing debts. Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/mammoth-manoeuvre/604004.article http://www.ifrasia.com/mammoth-manoeuvre/604004.article Essar Steel has completed a mammoth Rs173.28bn (US$3.73bn) 7-1/2-year loan with SBI Capital Markets as arranger. Proceeds will refinance existing debts and meet additional capex requirements of four Essar Group steel sector companies, which are being folded into Essar Steel. Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/reliance-stays-on-form-with-another-hit-syndication/603494.article http://www.ifrasia.com/reliance-stays-on-form-with-another-hit-syndication/603494.article India’s Reliance Industries knows how to draw a crowd. The company’s capital-market fundraisings regularly attract an impressive following, and its latest US$1bn-equivalent dual-tranche loan was no different. Sat, 28 Aug 2010 00:00 GMT http://www.ifrasia.com/dime-a-dozen/602328.article http://www.ifrasia.com/dime-a-dozen/602328.article The US$1bn-equivalent dual-tranche term loan for Reliance Industries has received commitments for a combined US$220m from 12 banks. A handful of lenders are processing approvals for commitments of up to US$250m combined. The deal is expected to close later this week. Sat, 21 Aug 2010 00:00 GMT