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Syndicated Loans

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Executive moves from Deutsche to be MD
Banker poached from Citigroup
Former investment banker has been CFO of Verbund
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  • Indian data analytics firm Mu Sigma has closed its $95m refinancing loan after receiving commitments from three more banks during syndication.
  • SRI
    The sustainable finance market clamoured for a Taxonomy to tell it what was green. Now it’s here, many are finding the answers constraining or simplistic. Alarmingly, the Taxonomy is also perpetuating the very thing it was supposed to root out — greenwashing.
  • North Star Housing, a housing association in the northeast of England, has sold £80m of 40 year debt to Pension Insurance Corp, as housing associations prove the saving grace of an otherwise muted year for private placements.
  • The Loan Market Association has got its contractual ducks in a row as it prepares to launch a new platform to automate parts of the documentation process for loans and ancillary services, with the industry body looking to start the service early next year.
  • Louis Dreyfus, the Dutch agricultural trading company, has amended and extended revolving credit facilities totaling $697.6m, weeks after the company got its first investment grade rating.
  • The Ineos group is reworking its financing structure, with a new funding group called Ineos Quattro. The reorganization comes ahead of the takeout of the funding for its purchase of BP’s aromatics and acetyls business, one of the largest 2020 bridges still outstanding.