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International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Divisions deepen over multilateral development banks’ climate commitments
Deal rules and slow primary market make ramping up deals difficult
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Banks are marketing the €550m acquisition loan for CVC’s take-private of French insurance broker April, led by Deutsche Bank as sole physical bookrunner.
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Mubadala, Abu Dhabi's sovereign wealth fund, is due to close a $2bn loan refinancing in coming weeks, according to bankers familiar with the deal.
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The market for green loans has blossomed in the year since the publication of the Green Loan Principles (GLP). Bank of Communications this week was the latest borrower to add to this burgeoning market, as bankers predict rising supply, more syndicated deals and greater sophistication in the way the GLPs and other lending principles are used for financing. Pan Yue reports.
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Nomura has put at risk a number of senior bankers in its Americas investment banking operation and refurbished its management team as part of a $1bn plan to cut costs. Senior names in M&A, leveraged finance, Latin America and risk solutions are leaving.
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Conglomerate Alicorp sold the second global nuevo sol bond to emerge from Peru in a week on Wednesday, copying the execution pattern that worked well for Telefónica del Perú last week and pricing inside its lower-rated compatriot.
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A study presented to the European Commission on competition in European loan syndication found no evidence of collusion and no need for further investigations. Indeed, for most bankers, the balance of power seems so tilted to borrowers that it has helped erode deal documents and yields in recent years.
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