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Former investment banker has been CFO of Verbund
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The UK’s DFS Furniture is in talks with its lending group for an additional credit facility of up to £70m to sit alongside the sofa seller’s main bank line, as companies continue to lean heavily on their lenders to get them through the worst of the coronavirus pandemic. -
Credit Bank of Moscow, one of the few Russian banks to frequently tap the international syndicated lending market, has raised a loan from a consortium of international banks. The deal comes amid an increasing number of Covid-19 infections being reported in Russia, which is now one of the emerging markets with the fastest-accelerating growth of cases.
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Chinese property firm Country Garden Holdings Company is wooing lenders to a $140m loan to support its investments in two start-ups.
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The UK government has filled one of the last gaps in its offer of financial help to companies struggling with effects of the coronavirus, by removing the cap of £500m revenue, which had barred many medium-sized companies from accessing government loans — raising the possibility that high yield bond issuers could tap loans for a variety of purposes.
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ArcelorMittal, the steel company headquartered in Luxembourg, has signed a $3bn new loan facility with four banks.
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Chinese chemical company EcoGreen International Group has returned to the offshore loan market after a three year break for $150m.
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