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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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Commodity trader Gunvor Singapore has begun talks for a loan to refinance a $1.0627bn dual tranche revolver it wrapped up in July last year.
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Donald Trump-esque behaviour pervaded the loan market last week and the Ranger spotted a number of clangers from market participants.
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Yue Xiu Enterprises has doubled the size of its loan to $400m after seeing strong demand from lenders during syndication.
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GlobalCapital understands that two of Nidera’s 19 bank lender group will not participate in the company’s upcoming €900m refinancing deal, hinting that there will be a strategic focus on core business by some banks in 2016. But banks remain confident that deals will get done ahead of a string of upcoming refinancings by commodities traders.
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Austrian engineering and construction group Strabag has refinanced the €2.4bn of loans it signed in 2014 — a record size for an Austrian corporate borrower — with no changes to the banking group.