The five-year sustainability-linked refinancing consolidates several loan facilities into a single, multi-currency structure across multiple funding currencies; the Apac property firm wants to grow its core logistics and data centre businesses.
The intensifying spat between the US and China could push refinancing costs sky high for corporates in Asia-Pacific heavily exposed to the dollar, S&P Global Ratings warns.
It’s not just the US Fed that is seeking to increase interest rates – other central banks are poised to follow suit. Corporate treasurers with hedged debt need to respond.
Interest rates rising? Rivals snapping at your heels? The treasurer at one of the Philippines’ biggest petroleum companies tells CT how he poured oil on a troubled interest rate sea.
Sep 10, 2018
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Higher onshore funding costs – as well as tighter credit conditions – continue to put pressure on Chinese corporates to raise debt outside the country.
China’s X-border transaction curbs are hindering companies that want to pay off debt offshore and increasing their appetite for X-border guarantee financing. But firms must play nice and not step across the line.