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GC Asia
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Trafigura causes a stir with debut Schuldschein
One of the world’s largest commodity traders, Trafigura, has launched a Schuldschein which, due to its credit profile and intended yield, is a clear outlier. While some see the borrower as too risky for this market, others see it as a sign of the Schuldschein's growing ambition.
15 Jan 2021 -
Hamburg Airport fails to land Schuldschein
Hamburg Airport has pulled a Schuldschein transaction with an initial target of €100m, according to several market sources, due to a lack of interest from investors.
15 Jan 2021 -
KBC steps forward with internal Libor transition
KBC Bank has hired fintech firm Finastra to help in the transition away from Libor, as the shift from the scandal-hit benchmark intensifies before it falls out of use at the end of the year.
15 Jan 2021 -
ONGC Videsh ditches general syndication plan
ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has decided to cancel general syndication for its $700m loan after the bookrunners found enough liquidity during a senior stage.
15 Jan 2021 -
Politics and Covid fail to dent UK fee pool optimism
Bankers are betting on a strong year for the UK — Europe’s biggest fee pool — but the overlapping concerns of Brexit, Covid-19 and regulation make for an uncertain outlook, writes David Rothnie.
14 Jan 2021 -
Mayr-Melnhof Karton launches debut Schuldschein deal
Austrian paper and packaging firm Mayr-Melnhof Karton, called MM Karton for short, has launched a Schuldscheine, with an initial target of €300m.
14 Jan 2021 -
Energean takes $700m loan to get Karish gas pumping
Energean, the London-listed oil and gas company, has signed a $700m loan to develop a gas field off the shore of Israel, as the company enters the final stretch in having the field up and running.
14 Jan 2021 -
Schroder UK amends bank line with other A&Es expected soon
Schroder UK Public Private Trust, an investment trust, has extended its sterling bank line, as loans bankers said they are seeing a steady stream of amend and extend requests from borrowers.
14 Jan 2021 -
Volvo Cars shifts green drive up a gear with sustainability loan on road to 2040
Volvo Cars, the Chinese-owned Swedish auto maker, has refinanced its main bank revolver with a €1.3bn sustainability-linked revolving credit facility, as the borrower looks to become climate neutral by 2040.
13 Jan 2021 -
Beijing Clean Energy seeks new $150m loan
Beijing Enterprises Clean Energy Group has made a quick return to the loan market after five months, seeking a $150m deal in general syndication.
13 Jan 2021
