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Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
Ferrero International markets €300m deal
Margins widen as lenders weigh up AI disruption to portfolio companies
◆ What strikes on energy infrastructure in the Middle East mean for emerging market bonds ◆ Why issuing in dollars has become so dicey for supranationals and agencies ◆ Europe’s advantage in the private credit meltdown
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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
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Direct lending default rates tick higher amid notable distressed situations
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A Swiss borrower and Austria's Egger are in the market
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Banks accept some deals will bypass them — others they can intermediate
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Lenders see greater demand for direct lending as slew of Covid refinancings mature
