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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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Sandvik, one of the last Nordic borrowers to refinance as the regional holidays kick off, this week signed a Skr9bn-equivalent credit facility with two banks leaving the syndicate. -
The Loan Market Association appointed four new board members at its annual general meeting this week
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Spanish renewable energy and engineering company Elecnor kept the margin unchanged as it refinanced €600m of loans.
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Swedish truck manufacturer Scania has refinanced a €1.25bn multicurrency revolving credit facility, as the pipeline of Nordic loan refinancings slow, according to a senior banker in the region.
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ICICI Bank’s international loan syndications team in Singapore is losing a banker who has been with the Indian lender for eight years.
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While a handful of loans were put on hold following the UK’s vote to leave the EU, a few deals already in the market are braving the choppy waters, with certain credits finding resilient support.
