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GC Asia
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Formosa to mandate six banks for $2bn loan
Formosa Plastics Corp has shortlisted six banks to arrange a multi-tranche financing for its Vietnam business.
28 Oct 2020 -
Standard Bank secures Chinese loan in shrunken market
South Africa's Standard Bank has raised a syndicated loan from a consortium of Chinese lenders. The transaction marks one of the few spots of activity in a market that has almost halved in size this year.
26 Oct 2020 -
Scepticism clouds Ukraine's hopes of securing IMF disbursement
Analysts believe optimism over the likelihood of the IMF's continued disbursement of funds to Ukraine is unfounded with the country struggling to fulfil the conditions the Fund has set.
26 Oct 2020 -
Vedanta returns loan, redeems bond after failed delisting
Metals and mining company Vedanta Resources has returned the full amount of a $1.75bn loan and redeemed a $1.4bn bond after its plan to delist its Indian subsidiary failed to get enough support.
23 Oct 2020 -
Country Garden wraps up $1.5bn loan with 16 banks
Chinese property developer Country Garden has closed a $1.5bn-equivalent dual currency loan, attracting seven participants during syndication.
23 Oct 2020 -
Asset World, Everbright raise green loans
Thai hospitality firm Asset World Corp and Hong Kong’s China Everbright Environment Group both tapped the green loan market this week.
21 Oct 2020 -
MMG gets $800m loan for Peru mine
Minera Las Bambas (MLB), a subsidiary of Hong Kong-listed MMG, has raised an $800m loan from four Chinese banks.
21 Oct 2020 -
PLN scraps $300m loan on government support
Indonesian state-owned electricity company Perusahaan Listrik Negara has cancelled a $300m loan, after receiving a capital injection from the government.
21 Oct 2020 -
Sembcorp bags S$100m Sora-linked loan
More Singaporean companies are making the transition to a new local currency benchmark rate in preparation for the end of Libor, with Sembcorp Industries becoming the latest firm to raise a loan linked to Sora.
20 Oct 2020 -
Pan Brothers under pressure to meet loan refi
Indonesia’s Pan Brothers has requested Moody’s to withdraw its corporate issuer rating after a spate of downgrades this year, as the textile company struggles to put together a loan to meet some of its looming maturities.
20 Oct 2020
