US IG Wrap — Summer supply on record pace as data center deals loom

Blackstone gobbles up credit risk transfers of banks’ data center exposures

Blackstone has become one of the most frequent investors in the burgeoning market for bank synthetic risk transfers of data center exposures, leading some observers to worry that the market could be too reliant on the alternative asset manager.

Boubyan Bank seals three-year $300m Asian facility; eyes dollar and dinar sukuk

Boubyan Bank, a Kuwait-based Islamic lender, has signed a three-year $300m financing facility with Asian banks, according to 9fin sources.

Al Rajhi Bank privately places $500m sukuk; eyes public issuance

Al Rajhi Bank (Al Rajhi) (Aa3/A), a Saudi Arabian-based Islamic lender, has privately placed a $500m five-year sukuk with a profit rate of 5.237%, according to 9fin sources.

Asia weekly — AirTrunk launches mega deal, China sees rockstar issuance

Aditya Birla taps local banks for INR 140bn Sprng acquisition loan

Aditya Birla Group is seeking to raise INR 140bn ($1.5bn) from local lenders to fund its acquisition of Sprng Energy from Shell Plc, according to 9fin sources.

9Questions — Tom van Rijsewijk, Macquarie Asset Management — Making debt real

Tom van Rijsewijk, head of infrastructure and investment grade private credit EMEA at Macquarie Asset Management, has built a career out of turning debt into tangible assets. He believes infrastructure credit is experiencing a golden age.