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Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
More robust growth expected in 2026
German promissory notes come into their own in times of stress
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British American Tobacco’s (BAT) acquisition of US rival Reynolds American will trigger other merger talks across the tobacco industry which could see financing deals rolling up to capital markets, loan bankers believe. Silas Brown reports.
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The margin compression that dominated the Asian syndicated loan market in 2016 was expected to spill into this year. But Chinese capital controls have proved to be a game changer, with Mainland companies compelled to turn to overseas funding, said market participants. Shruti Chaturvedi reports.
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British American Tobacco’s acquisition of US rival Reynolds American will trigger other merger talks across the tobacco industry, loan bankers believe.
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The head of debt syndicate for Asia Pacific at Natixis is understood to have resigned from the bank.
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India’s Reliance Industries is continuing a refinancing spree that began last year. It has started speaking to banks for a syndicated loan facility that will consolidate several bilateral deals.
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Trafigura, the Swiss commodities trader, has launched a multicurrency revolving credit facility to refinance the deal it signed in March last year.