Latest News
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LOANS: Three Join CMC Magnetics' NT$3bn Loan
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LOANS: Quanta Computer Close To Mandating US$500m Loan
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LOANS: Zhangjiagang Posco Refinancing US$60m Loan
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LOANS: Equinix Loan Launched Into General
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LOANS: Bharti Airtel Close To Finalising US$10bn Acquisition Financing
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LOANS: San Light Signs NT$1.9bn Loan
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LOANS: Chinese Estates' HK$3.6bn Loan Allocated
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LOANS: Worley Parsons Gets US$60 Through Club Loan
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LOANS: Pertamina's US$700m Loan Gets Overwhelming Response
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LOANS: Bharti Airtel To Wrap Up Zain's Acquisition Financing Soon
Corporate
Galaxy heads for loan orbit as Las Vegas Sands falls to earth
A tepid lender reception to Las VegasSands’ US$1.75bn five-year loan is leading to questions over the syndication strategy for rival gaming operator Galaxy Entertainment’s HK$7bn (US$903m) six-year financing.
ECA financings provide hope for foreign lenders to Indian PF
ONGC Petro-additions (Opal) has mandated BNP Paribas to arrange an up to US$1bn ECA loan in a move that underscores foreign lenders’ growing role in India’s burgeoning infrastructure financing sector. Foreign lenders have long been unable to match the competition in the hugely liquid domestic market for PF loans, which have hitherto been locally dominated. But banks now hope the mandate means international lenders will play a larger role in the ECA space.
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Maxis’ abrupt volte-face rankles offshore lenders
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Bharti leans heavily on offshore loan for Zain bid
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Timing and onshore funding crucial for Bharti’s US$10.7bn Zain bid
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Hope abounds for Aussie CMBS as Leda secures last-minute refinancing
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Property refinancings bring tighter pricing to Singapore
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Time ripe for Aussie borrowers to refinance
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Leads push the envelope on all-rupiah Matahari LBO
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Taiwan High Speed Rail says no to private sector lenders
FIG
Timing and onshore funding crucial for Bharti’s US$10.7bn Zain bid
Less than six months after Bharti Airtel’s failed merger attempt with South Africa’s MTN Group designed to give it a strong foothold in Africa, the Indian telco has returned to the acquisition trail. This time the company seems to have emerged wiser from its previous experiences – not just on the merger itself but also on the related financing.
Property refinancings bring tighter pricing to Singapore
MGP Raffles is preparing to launch a S$635m (US$450m) three-year loan via bookrunner OCBC. Not only is the deal the first sole bookrun deal from Singapore in 2010, it also suggests that there will be no let up in pricing pressure even as the pipeline of new loans from the city state’s real estate sector alone swells to US$4bn.
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Time ripe for Aussie borrowers to refinance
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Nomura Asia goes offshore
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Maxis, Pertamina loans portend return of syndications business
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Berau loans cap stellar borrowing year for Indonesia
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IDBI’s innovative loan takes advantage of CDS arbitrage
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Reliance Industries gambles on brighter lending outlook
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ICICI banks on bond markets for size and tenor
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Maxis lights up Malaysian debt markets with fundraising bonanza
Leveraged Finance
Leads push the envelope on all-rupiah Matahari LBO
Leveraged finance may have become little more than a symbol of pre-crisis excesses, but CIMB and Standard Chartered have their sights set on a daring and groundbreaking LBO financing in Indonesia. The duo plans to syndicate the loan backing CVC Asia Pacific’s Rp7.17trn (US$764m) acquisition of Indonesian retailer Matahari Putra Prima’s department store business.
Paper sale
India’s largest paper maker Ballarpur Industries and Japan’s Oji Paper Group are believed to be among three bidders for the entire stake held by CVC Asia Pacific in Malaysian paper and packaging maker Genting Sanyen Industrial Paper. The private equity firm had purchased the stake for M$745m (US$220m) in 2007 and funded it via a M$680m dual-currency LBO.
Project Finance
Galaxy heads for loan orbit as Las Vegas Sands falls to earth
A tepid lender reception to Las VegasSands’ US$1.75bn five-year loan is leading to questions over the syndication strategy for rival gaming operator Galaxy Entertainment’s HK$7bn (US$903m) six-year financing.