The Indian automaker’s onshore listed company launches an inaugural $750 million dual-tranche bond, making use of the country’s recent relaxation in withholding tax policy.
A roundup of the latest syndicated loan market news.
Hanjin International’s inaugural dollar floating rate note prices 20bp tighter than closest comparables as investors prep for a rising rate environment.
State-run power plant operator paid zero new premium for its latest $300m bond, defying global growth fears as credit spreads remain volatile
China’s second-biggest steel producer raises its first dollar-denominated bond, boosting its warchest amid thirst for global expansion.
Lender raises the largest ever dollar-denominated bank capital offering, building up capital cushions to counter China’s mounting bad debt problem.
The first renminbi bond by a foreign nation has received hefty investor demand and has set a pricing benchmark for issuers.
The Indian steel group has launched a jumbo loan into syndication as it seeks to refinance debt taken to acquire Corus.
The UK government has begun the planned sale of its renminbi bond, the world’s first non-Chinese sovereign bond in the currency.
Non-Muslim nations are issuing maiden sharia-compliant products. This year, Hong Kong, South Africa and the UK have been added to that list.
The restructuring plan by Chaori Solar is not good enough for bond investors to solve the first domestic corporate bond default, said analysts and lawyers.
Mercuria tests demand from lenders for its $1 billion loan even as it is embroiled in a lawsuit with Citi over payments for metal backed financing in Qingdao Port.