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LevFin CLOs

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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
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  • Russian potash firm Uralkali is considering signing loans totalling $1.4bn from domestic banks.
  • Market participants expect debt to Ebitda ratios for European deals to keep increasing until the volume of new issuance picks up, according to a poll conducted by EuroWeek.
  • Angola's state-run oil firm Sonangol has completed the general syndication stage of its $2.5bn five year loan.
  • One of Russia’s largest metals and mining firms has called on loans bankers to cut the cost of loans even further as Eurobonds are still more attractive to borrowers.
  • Charoen Pokphand Indonesia is in the market for a $400m loan, pitching to lenders with a margin of 180bp over dollar Libor.
  • Property developer Chinese Estates is seeking a HK$3.6bn three year club loan, as it attempts to refinance debt maturing next month.