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Major sectors in leveraged loans are trading down, making shrewd credit selection vital
William Liu joins from K&L Gates
Buyers line up €11bn of debt and equity financing
Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit
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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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Loss-making commodities trader Noble Group has launched a richly priced $1bn one year refinancing into general syndication.
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Fosun Industrial is close to signing a syndicated loan at a smaller size of $500m, more than six months after the trade launched.
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A $12.7bn jumbo loan to back China National Chemical Corp’s (ChemChina) acquisition of Syngenta has gone into senior syndication in Asia, with the borrower seeking a large minimum commitment.
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NYX Gaming Group, the Las Vegas digital game supplier, has announced the signing of £120m of leveraged loans backing its acquisition of UK peer, OpenBet. UK competitors William Hill and Sky Betting & Gaming are partially funding the £270m purchase.