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  • EU urged to use equity-like instruments to help smaller corporates

    EU urged to use equity-like instruments to help smaller corporates

    Many EU companies could do with capital beyond bog standard debt, according to the Association for Financial Markets in Europe (Afme). The trade body, in a report it produced alongside PwC, suggests encouraging the use of equity-adjacent products to fill balance sheet gaps from the coronavirus crisis.

  • Bryson hire reveals SMBC Nikko's capital markets ambitions

    Bryson hire reveals SMBC Nikko's capital markets ambitions

    SMBC Nikko wants to grow its capital markets and advisory business in EMEA, which is smaller than its parent’s heft in the loan market. It has hired Anthony Bryson, a former NatWest Markets and BNP Paribas banker, to lead the push.

  • Dawn of Schuldschein debuts as TeamViewer launches ESG deal

    Dawn of Schuldschein debuts as TeamViewer launches ESG deal

    German software company TeamViewer launched an inaugural Schuldschein deal on Monday, with margins linked to its ESG performance. Five new borrowers have entered the Schuldschein market so far this year, almost half as many as appeared throughout the whole of 2020.

  • Lidl shops for second Asian loan

    Lidl shops for second Asian loan

    Lidl, the Germany-headquartered budget supermarket chain, has entered the syndicated loan market to raise cash from Asian lenders for a second time, according to market sources.

  • 'Give us the airline treatment,' Eurostar begs of UK government

    'Give us the airline treatment,' Eurostar begs of UK government

    Eurostar, the majority French-owned train service between the UK and Europe, has asked the UK government for bailout loans. The request came as 28 senior businesspeople in the UK wrote an open letter warning that the rail service was fighting for its survival.

  • Asset owners to attempt daring, immediate emission cuts

    Asset owners to attempt daring, immediate emission cuts

    One of the boldest initiatives to green the financial system is getting under way this year, as the members of the Net Zero Asset Owner Alliance begin a drive to reduce the greenhouse gas emissions of entities they invest in by between 16% and 29% in the next five years.

  • Trafigura causes a stir with debut Schuldschein

    Trafigura causes a stir with debut Schuldschein

    One of the world’s largest commodity traders, Trafigura, has launched a Schuldschein which, due to its credit profile and intended yield, is a clear outlier. While some see the borrower as too risky for this market, others see it as a sign of the Schuldschein's growing ambition.

  • Hamburg Airport fails to land Schuldschein

    Hamburg Airport fails to land Schuldschein

    Hamburg Airport has pulled a Schuldschein transaction with an initial target of €100m, according to several market sources, due to a lack of interest from investors.

  • KBC steps forward with internal Libor transition

    KBC steps forward with internal Libor transition

    KBC Bank has hired fintech firm Finastra to help in the transition away from Libor, as the shift from the scandal-hit benchmark intensifies before it falls out of use at the end of the year.

  • Saudi lands $3bn export financing agreement with Korea

    Saudi lands $3bn export financing agreement with Korea

    Saudi Arabia has secured an export financing agreement with Korea’s export credit agency and trade insurance corporation. The deal, which will bolster trade between the two, is the kingdom’s second ECA-backed deal.

  • ONGC Videsh ditches general syndication plan

    ONGC Videsh ditches general syndication plan

    ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has decided to cancel general syndication for its $700m loan after the bookrunners found enough liquidity during a senior stage.

  • People news in brief

    People news in brief

    Natixis promotes DCM bankers — Powell quits IFAD job — NatWest Markets makes Peberdy, Donaldson and Manwaring's positions permanent

  • Politics and Covid fail to dent UK fee pool optimism

    Politics and Covid fail to dent UK fee pool optimism

    Bankers are betting on a strong year for the UK — Europe’s biggest fee pool — but the overlapping concerns of Brexit, Covid-19 and regulation make for an uncertain outlook, writes David Rothnie.

  • Energean takes $700m loan to get Karish gas pumping

    Energean takes $700m loan to get Karish gas pumping

    Energean, the London-listed oil and gas company, has signed a $700m loan to develop a gas field off the shore of Israel, as the company enters the final stretch in having the field up and running.

  • Loans bankers nervous amid small pipelines, lack of visibility

    Loans bankers nervous amid small pipelines, lack of visibility

    Loans bankers in Asia are battening down the hatches, faced with a small deal pipeline and little visibility on better market conditions. While some respite may come their way after the Chinese New Year holiday, bankers are uncertain about the way forward for the syndication business. Pan Yue reports.

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