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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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Dual green and ESG-linked structure has only a margin step-up -
Private placement to German pension funds is UN agency’s third issue
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Two from last deal not working on new issue
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Savings banks clobbered by bond losses in 2022 have recovered their appetite for deals
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Trades will generate liquidity but conflicts of interest need to be carefully managed
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€150m SSD shows the market's internationalisation and leaning towards sustainability
