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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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Banks are queueing to set up shop in an international financial services hub in India — the first of its kind in the country. Institutions operating there enjoy certain regulatory exemptions, which are expected to give a leg-up to domestic lenders looking to build a foreign currency loan book. Shruti Chaturvedi reports.
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Italian spirits company Gruppo Campari has signed a €300m three year term loan with three banks to repay US private placement notes signed in 2003 and 2009, in an effort to reduce its funding costs.
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Telxius, the telecoms infrastructure division of Telefonica, has signed a €190m with the 10 banks which are arrangin its IPO, for which books opened yesterday.
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Investment grade loans continued to bask in the glow of Bayer's $57bn deal while the levloan market is beset by repricings. But IG and high yield bond markets were quiet this week as participants waited for the outcome of Wednesday's US Federal Reserve meeting.
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John Menzies, the Scottish aviation and distribution company, was set to launch syndication of around $417m of loans this week, a banker close to the deal told GlobalCapital on Tuesday.
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Banco CorpBanca Colombia is holding a roadshow in Taiwan alongside the US for a $200m two year syndicated loan.