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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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Tata Motors’ £640m ($839m) refinancing has been launched into general syndication after the senior phase was completed this month. -
Dividend recapitalisation deals, such as the ones ChemicaInvest and Ten Cate launched this week, are on the rise. The move, considered aggressive by leveraged loan investors, is nevertheless becoming more common and accepted in the present issuer’s market.
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Crane maker Konecranes raised €150m with a debut Schuldschein on Monday, as the Schuldschein market aims to set a new yearly record.
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Energy and chemical company Sasol has signed South Africa’s biggest loan deal of the year so far — a $3.9bn revolving credit facility with 17 banks.
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Brazilian energy company Petrobras has returned to the loan market after a four year absence with a $1bn syndicated loan.
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Two leveraged loan deals in the market this week, for Tele Columbus and PlusServer, have both had their margins tightened by 25bp, suggesting that market participants who predicted early this week that spreads were going to start widening had spoken too soon.
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