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ECB working paper argues banks adjust to fragmentation with higher buffers, decreasing credit supply across Europe
Sxiteen additional lenders joined the syndicate as Uniper and Amazon sign offtake PPAs
CLOs and high yield bonds offer different avenues as securitization shows limits on tenor and size
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Allnex, the Brussels-headquartered coating resins business, had bank meetings on Wednesday for a €760m cov-lite term loan ‘B’ backing its acquisition of Nuplex, the New Zealand resins firm.
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Local lenders flooded into mobile telecommunications firm MTN Côte d’Ivoire’s $225m-equivalent loan in West African francs, leaving it almost twice subscribed.
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Kenya Power and Lighting Company (KPLC) has completed refinancing on $500m of loans, reducing its costs with the help of a World Bank guarantee.
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Solihull-headquartered infrastructure product manufacturer Hill & Smith has refinanced its £210m revolving credit facility, extending the maturity by two years.
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IFC and ADM Capital have launched a new platform that aims to syndicate lending to sound but financially stressed companies in Asia, filling a gap in lending to small and medium-sized enterprises.
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Indonesia’s Pertamina is planning a $1bn five year borrowing that includes a greenshoe option and has sent out a request for proposals to banks, according to bankers close to the situation.
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