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Aoyuan builds $225m loan with nine banks
Real estate developer China Aoyuan Group has closed a $225m-equivalent dual currency loan with nine banks in the syndicate.
05.00 AM -
Sluggish HY mart gets triple helping
After a couple of weeks of sluggish issuance during earnings season, there were three new European high yield bond mandates on Monday, including an innovative sustainability-linked issue from Greece’s Public Power Corporation — a step forward for the structure, which has been slow to catch on in the HY market.
08 Mar 2021 -
Hongqiao mines for $200m return
Aluminium producer China Hongqiao Group has returned to the loan market for a $200m borrowing.
08 Mar 2021 -
HDBank seals $71m loan with nine banks
Ho Chi Minh City Development Joint Stock Commercial Bank has closed its debut offshore borrowing at $71m.
05 Mar 2021 -
Tottering Greensill puts fate of SCF clients in question
Lawyers for struggling supply chain finance firm Greensill argued in court that over 50,000 jobs could be at risk from its collapse, precipitated by the withdrawal of credit insurance. But experts in the sector with knowledge of Greensill’s exposures argue that even Sanjeev Gupta’s Liberty Alliance empire could come out ahead.
04 Mar 2021 -
LondonMetric launches private placement deal
LondonMetric, the UK real estate investment trust, is marketing a private placement deal, according to market sources.
04 Mar 2021 -
EG Group fuels pump purchases with private debt
EG Group leant on private markets to raise cash for its purchase of the forecourts business of UK supermarket Asda and a chain of German petrol stations from OMV. The group is raising first and second lien loans, and, on February 26, privately placed a £675m Reg S-only bond.
04 Mar 2021 -
Taiwanese chip makers set to seek out loans on capex surge
Taiwanese semiconductor distribution company WT Microelectronics is plotting a return to the loan market after an absence of almost eight years. Bankers say more companies from the sector are likely to turn to loans in 2021 as strong growth in the industry propels opportunistic fundraising. Pan Yue reports.
04 Mar 2021 -
B&B Hotels launches liquidity deal
Goldman-owned hotel chain B&B Hotels has launched a new loan deal for liquidity, in a test for the loan market's capacity for the next generation of rescue funding in the most distressed industries. The deal comes alongside an equity cheque of €80m.
03 Mar 2021 -
Real Estate Investors keeps UK real estate debt flurry going
Real Estate Investors, a UK commercial property REIT, has refinanced £51m of term loans, as the real estate sector continues to be one of the main drivers of European debt activity.
03 Mar 2021