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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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  • Shui On Development Holding has increased the size of its fundraising to the equivalent of about $550m from $300m, following an oversubscription from 15 banks.
  • Fresenius, the German kidney dialysis group, has closed its second Schuldschein issue of the year, growing the deal from the launch size of €400m to €1bn, which brings the its total issuance in the market this year to €1.38bn.
  • Swedish private equity firm EQT has sold German-based healthcare group BSN Medical to SCA, in a deal valuing the firm at €2.74bn, following Onex’s announced acquisition of Parkdean Holidays for £1.35bn.
  • Turkish participation bank Turkiye Finans (TFKB) has agreed a $180m Islamic club loan with similar pricing to its loans in recent years, despite sector-wide downgrades for Turkish banks after a turbulent year in the country in 2016.
  • The holiday season kicked off at the Loan Syndicate Managers’ Forum’s carol concert in London last week and, as usual, Canon David Parrott delighted the crowd with another lively sermon — though one banker risked life and limb by questioning the quality of the drinks served at the Commerzbank reception...
  • Hong Kong-listed cigarette package printer Amvig Holdings is in the market for a HK$1.6bn ($206m) equivalent dual currency loan to refinance debt. The company will pay banks a fixed rate of interest for the renminbi portion of the deal.