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Assaf retirement rings GBM restructuring bell
The retirement of Samir Assaf, HSBC’s long-serving head of global banking and markets (GBM), paves the way for a long overdue restructuring of that division. This will test the bank’s new-look management team.
21 Nov 2019 -
Loans in brief: November 22, 2019
Mercuria scales back lenders in US revolver — EDF to sell US nuclear assets to Exelon — SNCF swaps loan tracks to sustainability-linked — Rewe seeks Schuldschein for acquisition debt — Dechra makes success of debut in PP market — AFC scores $140m Kimchi loan as Asian influence in Africa rockets
21 Nov 2019 -
Citi gives Yageo $1.1bn bridge loan for Kemet buy
Taiwanese electronic component company Yageo Corp has received a chunky $1.1bn bridge loan to support its acquisition of Kemet Corp, a US-based company in the same industry.
21 Nov 2019 -
Indian loan borrowers should reset expectations
Indian borrowers that tapped the international loan market this year found mixed responses — with their deals either sailing through without a hitch or struggling to gain traction among banks. This sends an ominous signal to companies preparing offshore loans for next year.
21 Nov 2019 -
AFC scores $140m Kimchi loan as Asian influence in Africa rockets
Lagos-headquartered multilateral finance institution Africa Finance Corporation (AFC) signed a $140m-equivalent syndicated Kimchi term loan facility with Shinhan Bank — its first Korean-focused tool, as the bank diversifies its funding sources.
21 Nov 2019 -
Mercuria lifts loan to $1.2bn on strong response
Commodities company Mercuria has closed its annual borrowing at a size of $1.2bn after 24 banks joining the deal during general syndication.
21 Nov 2019 -
Natixis takes telecoms trio
Three bankers have recently joined Natixis’s telecom industry group. Two are in Paris and one is in Singapore.
20 Nov 2019 -
Loans banker He returns to CS after six months
Vicky He has rejoined Credit Suisse after leaving the bank in June.
20 Nov 2019 -
FWD's $1.8bn acquisition loan to close soon
Insurance company FWD Group’s $1.8bn acquisition loan is set to close by the end of November, with two more banks still expected to join the syndicate group.
19 Nov 2019 -
Nomura appoints new head of loan capital commitments and syndicate
Nomura has appointed Abhishek Tiwaari as head of loan capital commitments and syndicate for Asia ex-Japan, a newly created position within the bank’s client financing and solutions (CF&S) unit.
19 Nov 2019
