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AfDB hopes to launch multi-issuer securitization this year
◆ French firm takes €700m with unrated deal ◆ Double digit concession needed ◆ Deal prices inside debut, but returns higher yield
Deal liberates capital and tempts investors to take new frontier market risk
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First Abu Dhabi Bank's global head of loan capital markets, a veteran in the syndicated loans market, has resigned from the bank after five years in the role.
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Siberian Anthracite, the largest producer of anthracite coal in Russia, has closed a dual currency loan refinancing, adding a large euro chunk to its existing dollar debt. The deal points to a growing inclination towards euro funding among Russian borrowers in a bid to avoid operational and sanction-related obstacles, say bankers.
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Antonio Keglevich will lead a new sustainable finance advisory team at UniCredit, aiming to originate deals across asset classes.
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Commodities company Mercuria has returned for its annual outing to the syndicated loan market, and is seeking $1bn from a four-tranche borrowing.
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UK train leasing firm Porterbrook has entered the US private placement market, according to several market participants, seeking to raise debt under its sustainability programme.
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The razor-thin edges in the syndicated loan market that make the difference between a bank maintaining its space in dwindling investment grade syndicates and being kicked to the kerb were brought into focus this week, as corporate treasurers explained the minor points that can make all the difference when they choose banks.
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