Top section
Top section
Deal liberates capital and tempts investors to take new frontier market risk
More articles
More articles
More articles
-
The Schuldschein market has for many centuries attracted buy-and-hold investors, but this may change as some arranging banks are offering lenders opportunities to buy sections of their own Schuldschein positions. But many fear that the whiff of secondary markets will see regulators reclassify the instrument as a security, instead of a loan. -
Ivory Coast has closed a €300m seven year loan, as African sovereigns turn to the market for medium-term funding, with bankers expecting more to follow.
-
UBS has appointed Sarah Mackey as head of leveraged finance for Europe, the Middle East and Africa.
-
Standard Bank is expected to raise $1bn in the loan market, up from an initial target of $500m, and slash the pricing of a three year loan by roughly 30bp.
-
Low & Bonar has asked its lenders to waive covenant testing on its credit facility, as the UK polymers company battles through a tough trading period and tries to ensure its acquisition by a German rival goes ahead.
-
The UK Treasury office has formally approved guidance on how know your customer (KYC) is implemented in the syndicated loan market, using a draft rewritten by the Loan Market Association after the initial inception was deemed too punitive.
Sub-sections
