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Syndicated Loans

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Executive moves from Deutsche to be MD
Banker poached from Citigroup
Former investment banker has been CFO of Verbund
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  • Element Materials Technology has agreed to purchase Exova, the laboratory testing specialist, for £620m, with the deal set to bring further new paper to the leveraged loan market.
  • Gunvor Singapore is set to make a comeback for its annual refinancing, this time sounding out its relationship banks for a $800m transaction.
  • Leoch International Technology is in the market for a $150m fundraising that launched into general syndication via three mandated lead arrangers and bookrunners.
  • China Orient Asset Management International Holdings is deciding whether to increase the size of its $300m loan after attracting a blowout response in syndication.
  • Leveraged finance is once again Europe’s most vigorous corporate capital raising market this week, as investment grade markets remain slumbrous. Five high yield bond issues were mandated on Tuesday, the first day after the Easter holiday, and two cross-border leveraged loan repricings also came to market.
  • Standard Chartered has created a new unit to house its private financial markets business, to bring more focus to its debt product structuring and distribution.