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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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  • Singapore-based auto leasing company Ethoz Group has attracted commitments equalling the base amount of its up to S$120m ($89m) loan, according to a source.
  • A veteran loans banker most recently with Bank of America Merrill Lynch is tipped for a senior role at Bank of Tokyo-Mitsubishi UFJ.
  • IMCD, the Rotterdam-headquartered speciality chemicals firm, is marketing a €125m Schuldschein with tenors of five and seven years. The deal could grow beyond the launch size if demand is sufficient.
  • High Speed Rail Finance, the financing vehicle for the High Speed 1 (HS1) project — the train line between London and the channel tunnel to France — said on Monday it was planning on issuing £314m of private placement notes.
  • Yapi Kredi Bank is in the market with its annual loan refinancing, as Turkey’s sovereign rating received its second downgrade of the year on Friday, putting Yapi in line to follow.
  • Capital & Counties Properties has joined a run of UK real estate borrowers in the US private placement market with its latest £175m deal. Activity from UK property firms has been a major driver for cross-border US PP issuance this year.