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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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Lloyds Bank has given its interim head of loan markets the permanent job but will not fill his former role. -
Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.
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India's ONGC Videsh has lined up six lenders for a $1.268bn nine month loan to support its acquisition of a stake in oil fields in Russia.
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A Singapore-based banker who is part of the syndicated finance team at DBS will be moving to a new role next week, according to sources.
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As the debt markets wait gleefully for record loan and bond issuance from the Kingdom of Saudi Arabia, the Ranger travelled to the Middle East to catch up on the gossip, and found some there more forthcoming than others.
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Thai department store operator Central Group is understood to have enlisted two lenders for a loan of about $1bn to back its acquisition of Big C Vietnam.
