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Former investment banker has been CFO of Verbund
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Melco Resorts & Entertainment has closed a HK$14.85bn ($1.9bn) revolving credit facility to refinance an old borrowing maturing this June. -
The New Development Bank has approved a $1bn emergency loan to India, to help the country contain the impact of the Covid-19 coronavirus.
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Cambodian micro finance company Amret has closed its debut loan after attracting six participants during syndication.
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Loans bankers and borrowers are increasingly spending weeks, if not months, negotiating over pricing, as the gap between their expectations grows wider amid Covid-19 disruptions.
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Direct lending funds are likely to be the best choice for sponsors looking to fund buyouts this summer, with investment banks still sitting on substantial bridge books, and simplicity and certainty of execution being the top priorities.
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The Loan Market Association (LMA) has set guidelines to clarify how borrowers and banks should implement green and sustainability linked loans.
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