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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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France's Danone has completed syndication of $13.1bn of loans to fund the $12.5bn acquisition of North American organic food and drinks company White Wave. But there might not be many more jumbo deals this year, as political volatility looks set to hang over the M&A market for a little longer, writes Robert Cooke.
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Vitec, the UK supplier of equipment to the broadcasting and photography industries, has refinanced its £125m credit facility, replacing one bank in the syndicate.
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Despite recording strong year on year increases to net income in the second quarter, UniCredit's corporate and investment bank attracted little attention on Wednesday. Instead new chief executive Jean Pierre Mustier spent time taking questions on the group's plans to raise capital, stress tests and non-performing loans.
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Indian Oil Corp has awarded two banks the bid for a $300m bridge loan to support the acquisition of stakes in Russian oilfields.
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Details have emerged on agricultural trading and processing company Cofco Agri’s $2.6bn two tranche refinancing, for which a roadshow was held in Singapore last week.