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New facility smaller than the original but 20% larger than the launch amount
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
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The poll to decide the winners of GlobalCapital's Loan Awards 2017 has opened. -
Swiss coffee company Sucafina has signed its first syndicated loan for $300m with 11 banks.
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Chinese steel maker Shougang Group has turned its attention to the offshore loan market, sending an invitation for an up to $300m financing a month, after nabbing $400m from bond investors.
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Asklepios Kliniken, a German chain of hospitals, raised more than double its initial target of €300m of funding in the Schuldschein market, showing the market’s appreciation for German borrowers from familiar sectors.
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Richard Griffiths will stop heading Danske Bank’s loan syndication team on November 1, and Paul Smith — who currently heads leverage finance syndicate — will take over. It is unclear what Richard Griffiths, who has worked with Danske Bank for the last 15 years, will pursue next.
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Saka Energi Indonesia, the upstream oil and gas arm of Indonesian state-owned Perusahaan Gas Negara, has allocated its $250m loan. The deal is scheduled to sign next week.
