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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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Loans bankers are vociferously backing the latest Loan Market Association-drafted guidance from the UK money laundering prevention trade body, with two senior lenders on Thursday calling the possible developments “game changing”.
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The syndicated loan market could see the amount of Know Your Customer (KYC) checks cut down “drastically” in some areas of the deal process, after the UK money laundering prevention trade body published a Loan Market Association-drafted update to its guidance on the topic.
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The Schuldschein market has been left with more questions than answers after a Moody’s report claimed IFRS 9 rules, which force liable assets to be marked-to-market, could implicate "liquid" Schuldschein loans.
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UK independent school Charterhouse has sold £35m of USPP notes to Pricoa Capital Group.
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UK waste management company Renewi has amended and extended its main bank debt to convert it into a €550m green loan, just months after bankers said this market was due to grow following the release of standardised guidelines.
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Real estate services company Savills is looking to sell inaugural US private placement notes.