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GC Asia
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Fosun seeks $650m loan with hefty top group
Fosun International has returned to the offshore loan market for a $650m refinancing that is being helmed by a large banking group at the top.
14 Feb 2020 -
People moves in brief
HSBC hires Lahham for MENA corporate finance — Lisanti broadens markets role at Citi — Muscatt joins BMO
13 Feb 2020 -
Banks jostle for position in sustainable M&A revolution
Nomura has made sustainability one of the pillars of its fightback in investment banking, as it joins the race to harness the power of sustainability-related M&A and capital markets deals.
13 Feb 2020 -
HSBC appoints Lahham for advisory and coverage
Nabil Lahham has joined HSBC to head up advisory and corporate finance coverage for the Middle East, North Africa and Turkey. He was most recently at Perella Weinberg Partners.
13 Feb 2020 -
AutoScout scores strong syndication despite high leverage
The syndication of loans to fund Hellman & Friedman’s carve-out of AutoScout24 has seen strong demand, sufficient to support pricing through the tight end of talk on both tranches. The deal has also been recut to squeeze out a larger first lien, cutting the cost of a deal that is among the most levered public issues seen in Europe since the 2007-08 financial crisis.
13 Feb 2020 -
UK fiscal splurge cemented as ‘last Mohican’ is ousted
The ousting of Sajid Javid as the UK's chancellor of the exchequer has been interpreted in financial markets as a power grab by prime minister Boris Johnson. Javid's removal is likely to strengthen the government’s bias towards populist economics, “rewriting the Treasury’s fiscal rules”, according to one investor.
13 Feb 2020 -
Thiam quits Credit Suisse on fixed income high
Credit Suisse has reported a strong end to last year for fixed income sales and trading, in chief executive Tidjane Thiam’s last week in the job.
13 Feb 2020 -
Trans Retail’s unusual fee payment surprises bankers, but more clarity is needed
Trans Retail Indonesia, also known as Carrefour Indonesia, has returned to the loan market for a $740m-equivalent dual-currency deal. It features an unusual fee structure that has left many bankers scratching their heads, writes Pan Yue.
13 Feb 2020 -
Investec makes five hires and continues broking push
Investec has furthered its push in corporate finance with five new hires. It continues to win new UK broking mandates.
13 Feb 2020 -
High yield in a hiatus — IG minds turn to ESG
High yield is mostly in a hiatus, with issuers waiting for full year numbers before pushing back into the market. Only UK broadband company TalkTalk is issuing this week, offering a rare slug of sterling supply to a market that has been euro-dominated for most of the year. For the corners of the loan market without such problems, though, there is still a bid, even for credits with stories.
12 Feb 2020
