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Former investment banker has been CFO of Verbund
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ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, has selected three banks for a $500m term loan to replace a bridge from last year. The oil firm is also raising funds in yen, and has picked two Japanese lenders for the financing, said a source. -
The Croatian parliament will debate a new bill on Wednesday that aims to provide added support to retailer Agrokor’s faltering liquidity situation, according to a statement from the country's government.
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Investment banks' revenues from leveraged finance in Europe rose 146% to $537m in the first quarter from the first quarter of 2016, as the high yield market surged back into life and loan refinancings were ubiquitous.
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Turkish bank refinancing activity has ramped up, with Ziraat Bank signing its $1bn syndicated loan on Monday after Yapi Kredi sent out a request for proposals (RFP) at the end of last week.
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CVC has acquired a 25% stake in Spanish oil transportation and storage firm CLH, making it the largest shareholder in the firm.
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With bankers grappling for Russian deals, Credit Bank of Moscow has come out on top, signing an oversubscribed $500m syndicated loan on Monday.
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