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Divisions deepen over multilateral development banks’ climate commitments
Deal rules and slow primary market make ramping up deals difficult
◆ Supranationals and agencies prepare to achieve the previously unthinkable ◆ Leveraged loans versus private credit and their effect on CLOs ◆ A new dawn for dollar covered bonds and UK equity market structure
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Société Générale has named David Gore as head of shipping and offshore finance for Asia Pacific, replacing Gareth Williams, who is taking over as head of loan syndicate and sales for the region. -
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French firm Fnac will imminently launch syndication of its loan to buy retailer Darty, after winning a bidding war with South Africa's Steinhoff. Meanwhile, banks supplying a £920m loan for the thwarted rival await instructions.
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The European leveraged loan market is finally starting to open up after a torrid few months, with a fast flow of deals and keen thirst for risk, writes Max Bower.
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Crédit Agricole has named Daniel Puyo senior country officer for the UK, and promoted Matthew Norman to global head of infrastructure, following Jamie Mabilat's switch to become head of debt optimisation and distribution.
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French retailer Fnac will imminently launch syndication of its €1.35bn Darty acquisition loan, according to a banker close to the deal.
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