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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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Eskom, the South African state electricity company, signed a R20bn ($1.7bn) syndicated loan on Wednesday, a day after S&P downgraded it.
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Orpea's €400m seven year foray into the unrated bond market on Thursday was welcomed by Euro PP lawyers and bankers as a sign their market is succeeding in helping issuers enter the capital markets. Those in the Schuldschein market are not so satisfied.
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Europe’s syndicated loans bankers say recent transactions highlight how cut-throat the market is for lenders, as the European Commission gets under way with a study on market practices.
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Hong Kong-listed LK Technology Holdings has divvied up its latest borrowing among 14 lenders.
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Bank of China Macau has approached lenders for a financing of up to $500m, with details about the loan going to a limited number of banks, said sources.
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Porsche closed a €280m triple tranche Schuldschein this week, with the tightest pricing so far this year. This quarter has been characterised by a dominance of German issuance.
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