Deals
Mixta Africa CFO Talks Long-Term Liquidity for Nigerian Corporates
The ability for real estate firms to raise long-term liquidity depends on a complex set of interrelated factors – interest rates and pricing, tenor availability, asset liquidity, and the health and sophistication of the mortgage market, to name a few. Benson Ajayi, CFO at Mixta Africa, one of the continent’s leading real estate firms speaks with Bonds & Loans about how the company is navigating…
7 Feb 2018
CASE STUDY: ADNOC Makes Record-Setting Debut with USD3bn Bond
The Abu Dhabi National Oil Company’s (ADNOC) hugely successful debut capital markets transaction, a USD 3bn dual-tranche bond, achieved a number of milestones – it was the largest single-currency corporate issuance in the GCC, one of the largest in the Middle East’s corporate history – and marked the start of a bold new financing strategy at the state-owned oil company.
6 Feb 2018
HSBC: If Sustainable Finance is to Really Work, Mainstreaming Needs to be the Priority in 2018
If volumes are anything to go by, 2017 was a watershed year for green bonds, with the market seeing more than USD130bn of these securities issued globally. Emerging markets saw their fair share of firsts, including Latin America’s first sustainability bond, and the first green bond in Africa, while China continued to dominate the supply pipeline
2 Feb 2018
CASE STUDY: Renova Crushes USD410mn Loan with One of the Longest Tenors in Corporate Argentina
The IIC, IFC and Rabobank helped Renova, one of the world’s most competitive and highly efficient soy product producers, secure USD410mn financing package to expand capacity, stretch out its debt profile, and reaffirm investors’ interest in Argentina’s corporate credit universe.
24 Jan 2018
Eurotorg CIO: ‘DCM debut positions us well for more deals’
Bonds & Loans speaks with Andrei Matsiavin, Chief Investment Officer at Eurotorg, a leading Belarusian food retailer, about the company’s hugely successful cross-border capital markets debut – which was also Belarus’ first international corporate Eurobond sale.
19 Jan 2018
CASE STUDY: Invenergy Winds Up Uruguayan Market with 20-year Project Bond
Invenergy’s 70-megawatt Campo Palomas wind project, located in the Salto Department of Uruguay, launched an investment-grade USD135.8mn in the US Private Placement Market. Campo Palomas is Invenergy’s first project in Uruguay as it continues to expand its presence in Latin America.
18 Jan 2018
CASE STUDY: Blackrock and Citi Conjure Up Dual Tranche Hybrid for Mexico Port Construction
The Lazaro Cardenas Port Logistics (LCPL) project’s complex financing structure, including dual bank and bond financings, allowed the borrower to navigate around construction risks and achieve the full 15-year tenor.
11 Jan 2018
CASE STUDY: Petroperú Goes Long with USD2bn Dual-Tranche Debut Bond
Peru’s state-owned petrol company boldly stepped into the market with 15- and 30-year tranches – which at USD2bn makes this the largest corporate debut bond from Latin America.
14 Dec 2017
CASE STUDY: YES Bank Double Dips with USD400mn Dual Currency Syndication
YES Bank opened a gateway into the Japanese market with a dual-currency syndication that attracted an unusually high number of Taiwanese lenders.
12 Dec 2017
CASE STUDY: Autopista del Sol's Dual-Currency Project Bond for Strategic Toll Road a Landmark Debut
Ruta 27’s amortizing USD300mn international 144A/RegS notes and USD50.75mn Costa Rican notes represent its inaugural debut in the international and local Costa Rican debt capital markets.
6 Dec 2017