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Tight spreads keep Middle East borrowers in bond market, and away from loans
Kazakh bank doubles the tenor to two years compared to previous deals
Tighter margin loan a 'sign of things to come' for infrastructure lending
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Terna, the Italian transmission company, has signed a €100m sustainability-linked facility, marking the borrower’s third outing into the socially-conscious debt markets in recent weeks.
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The Vietnam subsidiary of Taiwanese leasing and financing firm Chailease Finance Co has boosted its loan size to $60m.
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A consortium-led by Henderson Land Development is in talks with banks for a new loan to support its development of a residential project in Hong Kong.
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Loan market bankers disagree about the impact that the new social revolving credit facility structure will have on the European market — though the first-of-its-kind Covid-19 facility for Suez will likely remain a rarity, after the Loan Market Association said it is not looking at producing documentation for the structure.
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Institutional investors in private placements (PPs) have signalled their appetite for borrowers beyond their typical stables throughout the coronavirus pandemic. But this week’s transaction from Vanguard Group — the largest in the market’s history — showed the size of funding available, as buyers demand bigger deals. Silas Brown reports.
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Krupa to replace Cabannes at SG — JP Morgan reshuffles activist defence business — Credit Suisse gives Cohen new position
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