CVC Asia Pacific may service Nine Entertainment’s A$3.5 billion ($3.7 billion) in debt by raising more debt from private investors in the US. It is thought that a “144A” bond issue would raise $500 million to $1 billion that would go toward reducing $2.6 billion in senior loans due in February 2013. Should this be achieved, creditors might be more accommodating in renegotiating the remaining debt, The Australian reported.
In order to issue 144A bonds, CVC would need a public credit rating in the US as the instruments are tradable. It would also have to find a way around cross-currency issues that arise from raising US dollar-denominated...
Singapore’s Temasek Holdings and Sweden’s EQT will commit $500 million to the launch and development of O2 Power, a renewable energy platform in India.
Indian self-driving rental platform Zoomcar has raised $30 million in Series D funding with a contribution from a Sony-branded fund managed by Innovation Growth Ventures.
Warburg Pincus generated distributions of $2 billion from its China investments last year, a record annual total for its local operation.
Several public sector organizations have committed $500 million to six funds managed by Bamboo Capital Partners under a new investment platform dedicated to achieving the UN sustainable development goals (SDGs).