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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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  • VPBank Finance Company, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has increased the size of its loan to $200m after seven banks joined during general syndication
  • Danakali, an Australian potash company, has raised a $200m credit facility from African lenders. Proceeds of the syndicated facility will go towards funding the planned Colluli potash project in Eritrea.
  • TrailStone Group, the gas and power trader and investor based in London, has closed the year with a €150m revolving credit facility, which complies with the Green Loan Principles.
  • BNP Paribas, Crédit Agricole, Natixis and Société Générale are preparing to syndicate the debt funding Xavier Niel’s innovative deal to increase his stake in Iliad, the French telecoms firm he controls, in the new year.
  • Nordea has agreed a €5.1bn risk transfer securitization of corporate and small and medium-sized enterprise loans, to close in January. It is Nordea's second synthetic risk transfer deal and the first since it redomiciled into Europe’s Banking Union, which has given it a lead regulator more supportive of synthetic securitization than the Swedish regulator.
  • The board of Just Eat has thrown its weight behind an increased all-share merger with Takeaway.com, urging shareholders of the UK online food delivery company to reject a £5.5bn loan-funded offer from the Netherland’s Prosus.