Loan Ranger
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Loan Ranger is delighted to announce that there does, after all, appear to be a glimmer of light at the end of the tunnel.
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Emerging markets bankers descended on Dubai this week for a loans conference, and Loan Ranger is happy to report that the tone was more upbeat than that at such gatherings towards the end of last year.
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The ranch members got the shock of their lives earlier this week when they rode into their local Barclays branch and saw posters proclaiming the bank to be the "Loan Arrangers"! Not only that, the posters displayed a cowboy riding a white stallion off into the sunset.
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Finally, someone out there has kindly stepped up to clarify exactly what kind of a drastic downturn we’re facing. And hold on to your hats, marketeers — our economic recovery prospects are not pretty.
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We all know that loans bankers are ready to go to great lengths — and depths — to ensure a deal’s success. But these must indeed be extraordinary times, if marketeers are willing to descend to 500 metres underground in a potash mine to hold a bank meeting.
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Every so often, Loan Ranger gets the sneaky feeling the loan marketeers plan things with this column in mind. Like next week’s bank meeting for K+S’ deal, for example.
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It seems as though the ranch left some people stumped two weeks ago with its exclusive splash on the market’s newfound craze — the back flip. Some observant readers spotted the date the article was published (April 1). Many didn’t.
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Fresh from collecting his souvenir DZ Bank mug at the German bank’s syndications party last week, Tonto trotted off for some fine dining at Blackstone’s annual press dinner this Tuesday, to check out how the private equity industry is faring these days. And impressed we were — Blackstone packed out Galvin at Windows, located on the top floor of the Park Lane Hilton in London’s Mayfair, for the occasion.
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Oh what a riot! Loans bankers all over London got to dress up as anarchists this week.
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The City of London shouldn’t be short of Boxters and 911s after the palaver surrounding Porsche’s refinancing this week.
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You can tell things aren’t quite as well and dandy as they used to be by the quality of the branded trinkets on offer at conference stands these days.
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