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Firm has added to its London team with seventh partner hire this year
Banker had worked at DB for 14 years
Marco Ferrari joins Stockholm office from Nordea
One major bank has underwritten three infra deals in the last week
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The Bank of England recently warned that it would take a close look at the fast-growing sterling leveraged loan market, but there is both less and more to the story than meets the eye. -
Investors in sub-investment grade markets had little new issuance to look at this week but were still bemoaning a decline in covenant protection this year.
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Corporate bond investors appear are casting about for ways to deploy cash despite clear signs of growing caution. But in the leveraged finance markets, everybody prefers to wait and see.
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Xinyi Glass has dropped a non-financial covenant on its HK$750m ($96m) borrowing, which was launched into general syndication in August.
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Tritax EuroBox has signed a €200m revolving credit facility, its first outing in the debt markets after the continental European arm of the UK’s large logistics warehouse investor was launched over the summer.
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Indian electricity utility firm Tata Power has launched a $245m refinancing loan into general syndication after mandating five banks last month.
