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New methodology follows headroom created by S&P revision last year
Banks ready to do deals but wiser to wait
Hydrocarbons, power and infrastructure bulked large last year
Senior loans banker leaves Deutsche after 14 years
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The Croatian government-appointed extraordinary commissioner for troubled supermarket group Agrokor called on group subsidiaries to convene general assemblies to appoint new auditors as it said that it found "potential errors” in the group's 2016 accounts. -
The potential sale of Toshiba’s multibillion dollar flash memory arm is drumming up interest among banks that are looking for opportunities to finance the bidders. Depending on the outcome of the sale, the transaction could result in big business for European, Taiwanese and Japanese lenders, said market observers. Shruti Chaturvedi reports.
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BPRL seeks SBLC-backed $400m — Singamas nets $270m with latest facility — Tower Bersama allocates among nine
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Kenya has signed a $1bn loan, an increase on the initial launch amount, with around 20 banks, said a banker on the deal.
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AlixPartners, the restructuring adviser, has been chosen by the government’s appointed commissioner, Ante Ramljak, for the restructuring of the debt-ridden Croatian food company Agrokor, according to a statement from the company.
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Bharat PetroResources (BPRL), the overseas arm of Bharat Petroleum Corp, has approached lenders for a $300m loan with a $100m greenshoe, said two bankers.
