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Eighteen year facility backed by EIFO comes as interest in energy infrastructure mounts
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
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Pets at Home, the UK pet food and accessories retailer, has refinanced a credit facility, reducing its size from £325m to £260m.
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Haitong International Securities has signed its latest loan at an increased size of HK$6bn ($774m), driven by strong demand from Taiwanese, Hong Kong and Korean banks.
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Nokia announced today that it was in advanced talks to buy Alcatel-Lucent, which has a market capitalisation of about €11bn, but so far there is no clarity on how a deal might be financed.
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Dutch postal company PostNL has refinanced a €400m revolving credit facility after agreeing to sell its 14.7% stake in TNT Express, worth €642m, to Federal Express.
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PTT Global Chemical’s French subsidiary VencoreX Holdings has wrapped up €190m ($215.65m) dual tranche seven year loan. The deal, which has Deutsche Bank as sole bookrunner, was signed among six banks, said a banker.
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Moody's, Standard & Poor's and Fitch have all put Royal Dutch Shell on negative outlook or watch for downgrade for its acquisition of BG Group, though bankers say it should not affect Shell's cost of borrowing.