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GC Asia
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Ex-Morgan Stanley banker joins SC Lowy
Hong-Kong-headquartered bank SC Lowy has hired Jonathan Graber for its trading team in London.
22 Jan 2021 -
InfraVia injects SDG into equity bridge
Infravia Capital Partners, the French private equity firm, has amended an equity bridge facility to make it align with the UN’s Sustainable Development Goals. Margins are tied to the ESG performance of its fund’s investments, following the lead of EQT and Eurazeo.
22 Jan 2021 -
Altitude Infrastructure gets €266m loan funding
Altitude Infrastructure, the French telecoms company, has signed a €266m credit facility, which it will use for two fibre optic networks.
22 Jan 2021 -
Duo provides green loan for Cityplaza One acquisition
Standard Chartered and United Overseas Bank have provided a HK$5.29bn ($682m) green loan to support a Gaw Capital Partners-led consortium’s acquisition of Cityplaza One.
22 Jan 2021 -
Santander pins corporate finance strategy on ESG
Santander reckons it can harness the power of hydrogen to boost its standing in corporate and investment banking, building on its ESG credentials in similar way to how rivals built supremacy during the internet boom, writes David Rothnie.
21 Jan 2021 -
RBC promotes from within as Uden retires
RBC Capital Markets has reorganised its European equity capital markets and corporate broking business following the decision of Darrell Uden to step down at the end of this month.
21 Jan 2021 -
Perfect chemistry as investors cheer Ineos’s €4.6bn BP integration package
Investors have enthusiastically backed a €4.6bn financing package for Ineos Quattro, funding the integration of BP’s aromatics and acetyls business into the chemicals conglomerate. Strong demand allowed the company to raise more secured debt than expected, cutting funding costs, and strip out a bank-targeted term loan ‘A’ in favour of a bigger, cheaper, institutional term loan ‘B’.
21 Jan 2021 -
Energy firms facing insolvency bank on ABS
Securitization is emerging as the last resort for some US oil and gas companies seeking funding. Banks are deserting the equity and reserve-based lending markets they rely upon. But investors have proved eager to deploy capital in well-structured shale deals that can yield as much as 6%, meaning the ABS market may provide a lifeline for the struggling energy firms, writes Jennifer Kang.
21 Jan 2021 -
Mphasis to set new record for LBO loan size from India
Asia’s loans bankers are salivating over the prospects of working on the largest ever leveraged buyout loan from India. Blackstone is looking to exit from IT services company Mphasis in a deal that has seen plenty of interest from other private equity firms. Pan Yue reports.
21 Jan 2021 -
Flender financing to set ESG precedent for lagging levfin market
Financing for Carlyle’s purchase of Flender, a turbine gearbox manufacturer, could set a precedent for leveraged finance, which has lagged behind other debt markets in adopting instruments linked to environmental, social and governance conditions. Other issuers are sure to follow, but the market may have to solve other challenges before this can become a market standard.
20 Jan 2021
