ICICI Bank has guaranteed a US$450m loan to help Lanco Infratech get back on its feet and also to give the lender a way out of a funded position in the troubled conglomerate. This deal is the latest in a series of credit-enhanced loans for Indian companies struggling to manage their debt amid
Three banks are providing a fully underwritten HK$38.28bn (US$4.95bn) bridge loan to Singapore’s OCBC Bank in the latest sign that strong market liquidity is allowing more companies to consider jumbo acquisitions. Bank of America Merrill Lynch, HSBC and JP Morgan are equally underwriting the loan, which will have a 12-month tenor.
Share suspensions for two privately owned Chinese borrowers have made overseas lenders increasingly concerned about the transparency of Chinese companies’ financial reporting standards.
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