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Data centres and energy projects are giving loan bankers that rare experience - a buyer's market
Renamed company's $4.2bn murabaha facility has lifted Saudi banks
Specialist moves after 18 years in the market
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Senegal and Cameroon mandated banks this week to bring them back to the debt capital markets. Despite wide uncertainty about African sovereign debt restructuring, market participants said credit conditions were conducive to issuance. -
Thailand’s Charoen Pokphand Group, which tapped the loan market for a $7.2bn bridge loan last year to acquire retail giant Tesco’s Asia business, is now seeking covenant waivers on the fundraising. The move — which bankers say is triggered in part by CP’s plan to offload some of its newly-gained stake in Tesco — has hurt lenders’ confidence in the Thai conglomerate and raised questions around its strategy. Pan Yue reports.
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A wave of mergers and acquisitions is on the way, driven by the rise in awareness of climate change, bankers believe. But there will be no easy options for companies trying to reshape their businesses for the low carbon transition, and the process will create winners and losers.
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German telecoms company United Internet began bookbuilding a Schuldschein on Wednesday afternoon, according to market sources. It has the tightest pricing on a new deal since the pandemic began.
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A Dutch court has ruled that Royal Dutch Shell is partly responsible for climate change and must reduce its global carbon emissions — including those caused when customers burn its products — by 45% from 2019 levels by 2030. If the ruling is sustained on appeal it would cause a seismic shift in the balance of power on climate change, with huge implications for financial markets.
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Polymetal, one of Russia’s largest gold producers, has added to its green debt by raising $400m from international lenders
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