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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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Electrocomponents, an industrial and electronics distributor headquartered in London, has entered the US private placement market to refinance existing notes, according to sources in the market.
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Germany’s Deufol has signed a new five year syndicated facility, with the packaging company managing to cut the margin on its bank debt by around 25bp.
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European loan volumes have plunged by around 46% year-on-year, ramping up the strain on loan desk budgets for the second year in a row.
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JP Morgan has hired Patrik Czornik to lead its M&A team for Germany. Czornik used to work for the bank in the past but then joined Goldman Sachs.
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Sean Tai has left Debtdomain, the company he founded, to start a new venture, according to several sources with knowledge of the situation. Debtdomain is still willing to take on the challenge posed by new digital platforms in the Schuldschein market, according to Tai’s replacement as global head of business development.
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Schuldschein lenders are getting their first taste of environmental social governance (ESG) interest-linked notes next week, as Dürr takes its final orders on a transaction linked to its sustainability performance. According to several participants the trade has so far gone well, and will likely spark further Schuldschein borrowers using this new structure.