Thailand

The overseas subsidiaries of Taiwan’s Chailease and New Kinpo Group have closed their loans oversubscribed

The bank raised $1bn from a tier two bond

Thailand’s Charoen Pokphand Group plans a club loan to refinance a jumbo acquisition deal amid a large-scale restructuring

A $350m sustainability-linked loan for Cal-Comp Electronics (Thailand) Public Co has been launched into syndication.

The Thai subsidiary of Taiwan’s Chailease International Finance Corp has returned to the loan market.

The rarity value of financial deals from Thailand allowed Kasikornbank to raise $350m from an additional tier one bond at a negative new issue premium on Tuesday.

Thai agri-business firm Charoen Pokphand Foods’ subsidiary, CPF Investments, is in the market for a new $400m loan.

Minor International Public Co, a Thai hotel operator, closed a $300m transaction on Monday as part of a liability management exercise.

Thailand’s Gulf Energy Development Public Co is seeking a multi-billion loan in dollars and baht to fund the acquisition of telecommunications firm Intouch Holdings, giving banks yet another opportunity to finance a jumbo deal from the southeast Asian country. But there are challenges ahead, writes Pan Yue.

Cal-Comp Electronics (Thailand) Public Co, an international subsidiary of Taiwan’s Kinpo Electronics, is tapping the loan market for its debut sustainability-linked borrowing as companies and banks continue to push the development of the asset class in Asia.

Thailand’s Charoen Pokphand Group, which tapped the loan market for a $7.2bn bridge loan last year to acquire retail giant Tesco’s Asia business, is now seeking covenant waivers on the fundraising. The move — which bankers say is triggered in part by CP’s plan to offload some of its newly-gained stake in Tesco — has hurt lenders’ confidence in the Thai conglomerate and raised questions around its strategy. Pan Yue reports.

Thailand’s Gulf Energy Development Public Co is in talks with a large group of banks for a bridge loan of about Bt170bn ($5.3bn) to support its acquisition of Intouch Holdings. Pan Yue reports.