http://www.ifrasia.com http://www.ifrasia.com http://www.ifrasia.com/magazine/graphics/logo.png http://www.ifrasia.com http://www.ifrasia.com/loans-tata-steel-in-talks-with-banks-for-corus-loan-refinancing/604602.article http://www.ifrasia.com/loans-tata-steel-in-talks-with-banks-for-corus-loan-refinancing/604602.article Tata Steel UK, the wholly owned subsidiary of Indian steelmaker Tata Steel, is in discussions with banks to refinance its £3.67bn (US$5.65bn) loan that part-financed the takeover of Corus Steel. The size of the new loan is expected to be around £3.5bn. Tue, 7 Sep 2010 08:12 GMT http://www.ifrasia.com/bonds-cba-prices-a$15bn-tap-off-2013-mtn/604591.article http://www.ifrasia.com/bonds-cba-prices-a$15bn-tap-off-2013-mtn/604591.article Commonwealth Bank of Australia today priced its re-opened MTNs of A$1.5bn (US$1.4bn) due September 10 2013 in line with the guidance. Tue, 7 Sep 2010 07:28 GMT http://www.ifrasia.com/pm-credit-suisse-names-abbasi-as-asia-pacific-ceo/604590.article http://www.ifrasia.com/pm-credit-suisse-names-abbasi-as-asia-pacific-ceo/604590.article Credit Suisse has named Osama Abbasi as its CEO Asia Pacific, effective October 1. Abbasi will report to Brady Dougan, CEO of Credit Suisse. Incumbent regional CEO Kai Nargolwala will become chairman of Credit Suisse Asia Pacific. Abbasi is currently the investment bank’s head of the equities department in the Asia Pacific. Tue, 7 Sep 2010 07:03 GMT http://www.ifrasia.com/equities-petronas-chemicals-files-preliminary-ipo-prospectus/604588.article http://www.ifrasia.com/equities-petronas-chemicals-files-preliminary-ipo-prospectus/604588.article Malaysia’s Petronas Chemicals has filed its preliminary IPO prospectus. CIMB, Deutsche Bank and Morgan Stanley are joint global coordinators and bookrunners for the petrochemicals producer’s offering. CIMB is principal adviser and retail underwriter. The size of the offering is estimated at around US$3bn. Based on the date of the filing, pre-marketing is likely to begin in October. The prelimiary prospectus needs to be filed before any cornerstone investments Tue, 7 Sep 2010 06:28 GMT http://www.ifrasia.com/pm-former-boa-merrill-banker-resurfaces/604583.article http://www.ifrasia.com/pm-former-boa-merrill-banker-resurfaces/604583.article Ajay Sawhney, former head of leveraged finance at Bank of America Merrill Lynch, has resurfaced as head of debt products, South-East Asia, at Standard Bank. Based in Singapore, Sawhney will have responsibility for loans, leveraged finance and high-yield debt with a focus on mezzanine structures, especially relating to commodities financings. Tue, 7 Sep 2010 03:11 GMT http://www.ifrasia.com/loans-kung-sing-engineering-signs-nt$162bn-club/604580.article http://www.ifrasia.com/loans-kung-sing-engineering-signs-nt$162bn-club/604580.article Taiwan’s Kung Sing Engineering Corp has signed a NT$1.62bn (US$51m) dual-tranche loan that closed as a seven-bank club. The construction and engineering firm’s deal was split into a NT$720m guarantee facility and a NT$900m guarantee facility, including a NT$400m revolver. Tue, 7 Sep 2010 02:48 GMT http://www.ifrasia.com/loans-gtl-infra-and-reliance-infratel-merger-called-off/604507.article http://www.ifrasia.com/loans-gtl-infra-and-reliance-infratel-merger-called-off/604507.article Mumbai-listed GTL Infrastructure announced yesterday (September 6) that its US$11bn merger with Reliance Infratel, the telephone towers business of Reliance Communications has been called off. The failure to merge deals a severe blow to RComm’s efforts to bring down its gearing. Mon, 6 Sep 2010 10:20 GMT http://www.ifrasia.com/pm-chew-to-replace-pillay-as-sgx-chairman/604509.article http://www.ifrasia.com/pm-chew-to-replace-pillay-as-sgx-chairman/604509.article Chew Choon Seng will take over as chairman of the Singapore Exchange from January 1 2011, replacing JYM Pillay, who has decided to step down after 11 years in the role. Chew has been an independent director on the SGX board since December 1 2004 and is also CEO of Singapore Airlines. Mon, 6 Sep 2010 10:17 GMT http://www.ifrasia.com/loans-kiwi-truck-and-trailer-rental-company-raises-nz$200m/604506.article http://www.ifrasia.com/loans-kiwi-truck-and-trailer-rental-company-raises-nz$200m/604506.article TR Group, a truck and trailer rental company in New Zealand, has raised NZ$200m (US$144m) through a two-year loan that will refinance existing debts. Commonwealth Bank of Australia was the arranger and ended up with NZ$57m. Mon, 6 Sep 2010 10:08 GMT http://www.ifrasia.com/loans-billabong-signs-us$790m-refinancing/604503.article http://www.ifrasia.com/loans-billabong-signs-us$790m-refinancing/604503.article Billabong International, an ASX-listed surf and skate lifestyle retailer, has signed a US$790m refinancing split equally between a three- and four-year loan. The four Aussie majors – ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac – were the bookrunners on the deal, which saw three others joining. Mon, 6 Sep 2010 10:07 GMT