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Long seen as adversaries, banks and private credit lenders are getting used to working together
Fahy will also lead asset-based finance origination
Direct lending default rates tick higher amid notable distressed situations
A Swiss borrower has already closed books and Austria's Egger will soon
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Dechra Pharmaceuticals, the UK veterinary pharmaceuticals company, has sold euro and dollar US private placement notes, in a debut widely seen as a success. -
German supermarket group Rewe has entered the Schuldschein market, looking for at least €300m to pay in part for its acquisition of German wholesaler Lekkerland.
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Del Canto joins Berman at agora — O'Higgins to retire from ICBC Standard — Miller becomes new IBCM head at Credit Suisse
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Credit Suisse has lost the talisman of its investment banking and capital markets (IBCM) division, James 'Jim' Amine, but says the unit is "absolutely core", writes David Rothnie.
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Gewobag, the A2/A+ rated German housing company, launched the first Schuldschein with a Euribor floor set below zero last week. Market participants said more will follow in 2020.
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Scottish Mortgage Investment Trust is selling US private placements, some 18 months since its last outing in the market.
