Sterling
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Half of the facility came from one investor
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Delayed drawdowns are more common in private credit
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◆ Large deal kickstarts FY 2025-26’s linker programme ◆ Shorter maturity caters to investor demand ◆ ‘Consistent, business-as-usual approach’ celebrated by markets
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Urenco, Amphenol and Associated British Ports start marketing trades for this week
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Embattled utility faces calls for nationalisation as options dwindle
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Loans designated as sustainability linked continue to be dropped
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◆ Sterling return personal best for IFFIm ◆ Evolving spread, growing following ◆ Little to no new issue premium paid
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Embattled water utility was recently found accountable for breaches in wastewater operations and dividend payments
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The fund also added a green element to its revolver
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European banks progress with capital raising as spreads tighten, but investor qualms grow
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Banks encouraging investors to lend to cut out competition from other banks