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Deal was three times oversubscribed
Growing company gets new bank lenders and equity investors
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
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India’s Power Finance Corp is raising a loan with a fixed rate as it looks to move away from Libor, but its decision has received lukewarm response from lenders concerned about the lack of precedents. -
Joey Mak, a former loans banker at Mizuho, has joined Bank of Communications as section head of the structured finance department.
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A $350m sustainability-linked loan for Cal-Comp Electronics (Thailand) Public Co has been launched into syndication.
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RBC Capital Markets has hired Citi's former head of structured credit sales EMEA, John Miles, to lead its recently established alternatives and private capital solutions (APCS) group.
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KPN, a Dutch telecoms company, has agreed a €1bn sustainability-linked credit facility, it announced on Wednesday. The targets include a reduction in its Scope 3 emissions.
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City Electrical Factors, a UK electrical wholesale network, has agreed on a £150m five-year secured credit facility. Wells Fargo served as sole lender, as the bank looks to expand its loan book in Europe.
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