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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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Nidera, the commodities trader with headquarters in the Netherlands, will complete syndication of its annual loan refinancing next week, according to a banker on the deal.
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ONGC Videsh has sent out a request for proposals for a $1.268bn nine month loan facility, as the international arm of Oil and Natural Gas Corp seeks funds for the acquisition of a stake in oil fields in Russia.
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Galloper Wind Farm is syndicating £1.1bn of loans to a second group of banks, a banker familiar with the deal said this week.
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The global head of infrastructure at Crédit Agricole will replace Jean-Francois Balay as global head of debt optimisation and distribution, as Balay becomes global head of risk.
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After a slight dip in pace last week, Europe’s corporate bond market rally has snapped back again, moving up another gear as investors plough their funds into new issues.
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Anheuser-Busch InBev has cancelled a further $12.5bn of $75bn in acquisition loans, using funds from its record breaking bond issue.