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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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The decision by the bookrunners of Protelindo’s $600m loan to extend the deadline for senior syndication has paid off — the leads have now received eight commitments at the senior level and launched the deal into general syndication on Tuesday.
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Three banks have joined as bookrunners and mandated lead arrangers for San Miguel Corp’s $1.3bn five year loan, joining the two existing lenders at the top level.
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Successful deal signings by Rosneft and VTB Bank have helped push 2013’s Russian syndicated loan volumes to $16.7bn — the highest year to date level since 2008, said Dealogic on Wednesday.
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Caroline Oosterbaan has been named the new head of M&A at Dutch bank NIBC.
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Bankers leading Indonesian company CT Corp’s $750m three year loan signed the deal and finalised the allocations this week — a laborious task after they received commitments of $456m in general syndication from a group of 26 lenders.
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Russian warehousing firm MLP Group has reached a preliminary agreement for a $116.8m seven year loan for its MLP Podolsk site in Moscow.