Latest News
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LOANS: Chi Mei signs NT$4bn loan
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LOANS: Citic Pacific loan launch imminent
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LOANS: PFC's US$240m-equivalent loan launched
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LOANS: HSBC closes US$250m loan for PGN subsidiary
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LOANS: Shinhan loan allocated
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LOANS: Ritek signs NT$1.22bn facility
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LOANS: Citic Pacific targets wide syndication
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LOANS: IDBI Bank loan gets another bank at the top
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LOANS: Five banks launch euro facility for Woori
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LOANS: Patna Highway Projects raises Rs8.46bn loan
Corporate
Security package in focus as OUE plans acquisition financing
Last year’s wave of covenant breaches in the Singapore property sector has triggered an unusual side effect: acquisition financings.
Vedanta pushes Indian loan market's boundaries
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.
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Lenders finally warm up to Matahari LBO
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Taiwanese lenders team up in bid to stall pricing plunge
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Lenders left out as Australian property borrowers look to bonds
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CNS, Kbro return in newest episode of Taiwanese buyouts
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GM's Indian unit completes rare rupee loan
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Superman returns: Li Ka-shing snaps up UK power assets
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Wilmar lines up latest test for Asian loans as pricing plummets
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Game on for MGM listing after HSBC decides to fold
FIG
Vedanta pushes Indian loan market's boundaries
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.
GM's Indian unit completes rare rupee loan
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.
Leveraged Finance
Lenders finally warm up to Matahari LBO
It has been on the radar of leveraged financiers for well over half a year already and there is no doubt that syndication has been slow going. Last week, however, commitments finally trickled in for the Rp3.5trn (US$392m) LBO financing backing the acquisition of Indonesia’s Matahari Department Stores by CVC Asia Pacific.
Carrefour sale adds to Asian leveraged finance revival
South-East Asian private equity firm Navis Capital Partners is rumoured to be in discussions with banks for a financing that will back its bid for French retail giant Carrefour’s operations in Malaysia, Singapore and Thailand.
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CNS, Kbro return in newest episode of Taiwanese buyouts
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Superman returns: Li Ka-shing snaps up UK power assets
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Fortis Healthcare banks on Axis as Parkway bidding war looms
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Towering task: US$11bn merger to test StanChart’s credentials
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Raising debt a challenge for Fortis Healthcare’s Parkway bid
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KKR lenders warm up to Acument LBO
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Healthcare sector in the limelight as bidding for Healthscope heats up
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Leads face uphill task on syndication of Acument LBO
Project Finance
Jurong Aromatics to return to loan market after two-year delay
The stop-start process surrounding the US$2.3bn aromatics project for Jurong Aromatics (JAC) is set for a revival after the sponsors of the project signed a number of major project agreements last week. The move will lead to the revival of a US$1.55bn debt financing, which has been in limbo since November 2009.