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Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
Paul Gibbs among those departing the firm after long service
Head of capital markets and advisory leaves
Hire comes from Ares
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National Bank of Abu Dhabi is betting big on India’s fast growing economy having opened a branch in Mumbai. While the purchase of Royal Bank of Scotland’s Indian foreign currency corporate loan book has given momentum to its business, the firm has bigger ambitions, NBAD’s chief executive officer for India told Shruti Chaturvedi. -
Bonava, the Swedish housing developer, has obtained a Skr2.7bn ($325m) loan that backs its listing on the Nasdaq Stockholm exchange.
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Sponda, the Finnish property developer, has signed €600m of unsecured five year syndicated loans to refinance maturing facilities.
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Evonik Industries, the German chemical company, has completed €1.9bn of loan facilities with banks to fund its acquisition of a division of Air Products and Chemicals.
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Akbank is returning to the loan market for the second time this year, lining up one and three year tranches in euros and dollars.
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Petroleum Development Oman (PDO) is leading a run of deals in the market from the sultanate, with the borrower said to be close to completing a loan of more than $3bn.
