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  • SRI
    Marfrig Global Foods, the Brazilian beef producer, has stirred up the green finance market by issuing a $500m ‘sustainable transition bond’. To some, it is a template for a new asset class that can help finance the global economy’s shift to lower carbon emissions. To others, it is a shocking case of greenwashing. By Oliver West and Jon Hay.
  • BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.
  • The quality of debt management in Africa needs to be strengthened, the World Bank has warned, while the International Monetary Fund suggested that countries stop encouraging banks to hold government securities.
  • Savvy borrowers are squeezing loan banks out of co-ordinator spots by increasingly arranging their own deals, in a slow burning trend that has been thrust into much sharper focus in the EMEA loan markets after a year of painfully low volumes.
  • Sibanthracite to switch loan from dollars to euros — IGT cuts size, stretches tenor of bank debt — Keywords hits power up on revolver — Resolute turns to lenders to refi M&A debt — Future taps revolver for Smartbrief buy — Fraport enters the Schuldschein market for more
  • Rating: B2/B/B+