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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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Philips, the Dutch household electronics firm, has agreed about €1.7bn of loans for its Philips Lighting unit, giving the subsidiary access to standalone funding as it prepares for a public listing.
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Emirates NBD is close to finalising a loan of $1.25bn or more, according to two sources at the bank.
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Two US private equity firms have raised a $350m-equivalent loan for Network International’s buyout of Emerging Markets Payments Holdings (EMP) and tightened the pricing in syndication.
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The head of loan syndications at Emirates NBD Capital, the investment banking arm of Emirates NBD, has left the bank.
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Airbus has released price talk on a €425m term loan, while First Data, the US payments technology firm, priced its euro term loan at an unusually tight margin on Monday.
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Tencent Holdings has received enough commitments to more than double its $1.5bn loan as liquidity continues to pour in for names in the Chinese technology sector, said sources close to the trade.
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