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In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
Market stress so far confined to consumer credit and SMEs across region
Tighter margin loan a 'sign of things to come' for infrastructure lending
Helaba promoted from MLA to bookrunner while RBC sits out
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Renewables companies Sonnedix and Solarpack have signed separate project finance facilities totaling €260.6m, with the funding going towards solar photovoltaic plants in Italy and Spain.
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Chinese delivery services company SF Express is seeking a HK$5bn ($640m) syndicated loan to refinance a bridge facility used to support its acquisition of Deutsche Post DHL’s supply chain business in the Mainland.
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Forth Ports, the port operator headquartered in Edinburgh, has sold roughly £300m-equivalent of US private placements (PPs).
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The UK’s LXi REIT has signed a £100m ($125m) revolving credit facility, as loans bankers say the selection of Boris Johnson as prime minister will put some sterling borrowers into “wait and see” mode.
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German car parts maker ZF Friedrichshafen, which issued the largest ever Schuldschein in late 2015, is set to make a grand return to the market this year.
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Italian manufacturer Industria Macchine Automatiche (I.M.A) has raised €50m of Euro private placement notes (Euro PP).