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Centralisation, competitiveness and cyber-risk will be political flashpoints
Société Générale and Standard Chartered provided euro and yen tranches respectively in first World Bank-backed transaction involving the Japanese currency
HSBC, Mizuho and Standard Chartered coordinated deal which drew 10 lenders
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The initial public offering for Axa’s US business raised less than targeted. This prompted market debate about whether the French insurer is on track in raising cash for its acquisition of XL Group and whether it would need to raise more debt, something denied by the insurer.
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Lenders to Vakifbank’s Turkish Islamic finance subsidiary got a 90bp reward for financing the smaller specialist financial institution over its parent company, according to bankers close to the transaction.
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National Bank of Egypt (NBE) is due to launch a dollar denominated three year loan imminently.
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Speakers at a loan industry conference in New York on Wednesday highlighted the continued erosion in the quality of investor protections in leveraged loans, a trend that many expect will make recovery rates worse when the credit cycle turns.
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A new grouping is set to join the legion of initiatives promoting a more sustainable financial system: the Principles for Responsible Banking.
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Law firm Ropes & Gray has hired former Goldman Sachs managing director Carol Van der Vorst as a partner in its leveraged finance team in Europe.
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