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Market Chatter: BNP Paribas, HSBC, JPMorgan Discuss Financing for Aegis' Tristar Purchase

MT Newswires·10/19/2026 07:02:39
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07:02 AM EDT, 10/19/2026 (MT Newswires) -- BNP Paribas (BNP.PA), HSBC (HSBA.L), and JPMorgan Chase & Co. are in fundraising discussions for Aegis Logistics' purchase of Dubai-based energy logistics company Tristar Holdings, Bloomberg reported Monday, citing people familiar with the matter. The Indian logistics company is looking to raise at least $300 million in foreign-currency debt and $250 million to $300 million through a qualified institutional placement in the coming months. BNP Paribas, HSBC, JPMorgan, and Aegis did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)