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Syndicated Loans

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Banker poached from Citigroup
Former investment banker has been CFO of Verbund
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
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  • HSBC loans banker Ashish Sharma has taken on additional responsibilities, co-leading Asia Pacific leveraged and acquisition finance with Rachel Watson.
  • Under its new "Strategy 2024" plan, Commerzbank is considering outsourcing equities services to a partner as several rivals have done. It also wants to focus its equity capital markets and M&A franchises more squarely on existing clients.
  • HSBC's Henry to retire — European Commission borrows IR and funding officials from EIB — Paterson joins CQS
  • Ion Analytics has had a successful second outing in the leveraged loan market, placing its revamped deal tighter than talk and at a smaller discount. The result makes up for Ion suspending the original deal in November, in the face of US election fears and resistance over its terms.
  • Goldman Sachs is trying to steal a march on rivals as it looks to turbo-charge its European business by leading the listings of the region’s most vibrant start-ups, writes David Rothnie.
  • Top tier Turkish lender Akbank will launch a syndicated loan refinancing within weeks, according to sources. The borrower is likely to get tighter margins than for its last loan offering in October 2020.