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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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Société Générale has named David Gore as head of shipping and offshore finance for Asia Pacific, replacing Gareth Williams, who is taking over as head of loan syndicate and sales for the region.
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French firm Fnac will imminently launch syndication of its loan to buy retailer Darty, after winning a bidding war with South Africa's Steinhoff. Meanwhile, banks supplying a £920m loan for the thwarted rival await instructions.
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French retailer Fnac will imminently launch syndication of its €1.35bn Darty acquisition loan, according to a banker close to the deal.
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It has been a promising start to the year for leveraged buyout loans (LBOs) for Indian companies. With Chinese banks aggressively capturing domestically sponsored outbound M&A funding, international lenders are looking elsewhere for opportunities and India is proving a hit, writes Shruti Chaturvedi.
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University College London has signed the largest ever European Investment Bank loan to a higher education institution, it announced on Thursday.