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In an age of abundant information and opinion, where much of it is wrong, smart investment bankers can still be valuable to clients by embracing the complexity
At London investor day, supranational reveals deals and plans for new funding and investments, including fully African project financing
Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
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Some banks in Europe's syndicated loan market are worried that investment grade companies are pushing for looser terms and conditions on their loans, though others deny there is a problem, as the market prepares for 2018’s first big round of refinancings, writes Michael Turner.
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Nordex, a German wind turbine manufacturer, began selling a €275m high yield bond this week as it plans to extend its debt maturities by taking out shorter-dated and floating rate Schuldschein paper.
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Prices in Europe’s secondary loan market have fallen to their lowest levels for two months, though investment grade loans bankers say recent sales have gone through at a “decent price”.
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High grade loans bankers are predicting a flood of refinancing and amend and extend exercises in February, as earnings blackouts end and deals that have sputtered early this year push through the market.
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A $310m two-part borrowing to support Malaysian surgical glove maker Top Glove Corp’s acquisition of Aspion has received two commitments.
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Terratest, the Spanish geotechnical engineering business, has acquired US construction consultancy GeoStructures with funding from Tikehau IM.
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