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Having to rate money-guzzling Anthropic and OpenAI will test the agencies’ nerve
Banks back increase of the offer's cash component for Tim by almost a fifth as uptake lags
Centralisation, competitiveness and cyber-risk will be political flashpoints
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Leveraged loan investors are still at the table in a week many expected to be quiet. Double-B rated borrowers like Nomad Foods, the UK frozen food producer, found strong demand after slashing margins and selling add-ons.
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China New Higher Education Group has become the latest of a string of companies from the education sector to access the offshore loan market for funds. While Chinese education firms have mostly been well received by banks, market observers cautioned against drawing broad-brush conclusions. Reputable schools with scale will still be a top pick for lenders, while their lesser-known peers may find frostier conditions. Shruti Chaturvedi reports.
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Saudi Arabian Mining Co or Ma’aden, Saudi’s largest mining company, has amended a revolving credit facility that was due to mature at the end of the month.
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Stora Enso, the pulp and paper company based in Finland, has successfully refinanced a €700m loan with a €600m revolving credit facility.
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Vossloh, the German rail technology company, has signed a €150m revolving credit facility with a club of eight banks to refinance a loan signed in 2015.
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Société Générale has arranged a €142.6m green loan for Brittany Ferries, to finance the company’s first ferry powered by liquefied natural gas.
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