Top Section/Ad
Top Section/Ad
Most recent
BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
More articles/Ad
More articles/Ad
More articles
-
-
Foreign direct investment into the Middle East and North Africa has plunged a year after the Arab Spring began, according to a new report by the World Bank’s insurance arm the Multilateral Investment Guarantee Agency (Miga). But even as European banks and multinational corporates pare back, stable regimes in the region are offering hope as bankers search for deals.
-
In a further blow to the embattled central and eastern European loan market, banks’ non-performing loan ratios in the region are set to continue rising throughout 2012, even though they had been expected to peak next year at the latest, according to a report by Fitch Ratings.
-
The FSA’s report on the failure of the Royal Bank of Scotland has underlined the role played by the bank’s leveraged finance business, which it decided to expand in June 2006. RBS made mark-to-market losses of £287m on its leveraged finance portfolio in 2007 and £1.088 in 2008, the report said.
-
Seat Pagine Gialle, the struggling Italian directories group, has extended the deadline for banks to accept its consensual restructuring, after the default of its €1.75bn senior unsecured bond, issued through an SPV called Lighthouse.
-
Leveraged finance bankers have slammed private equity firm Cognetas’s explanation for pulling the auction of French fuel pump provider Tokheim this week, insisting that banks were supportive of a planned buy-out and had committed to providing debt at a level suitable for the company.