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BayernLB, NordLB and Helaba shared loan to refinance Rheingold portfolio
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
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A multi-billion dollar project finance loan for Tengizchevroil (TCO), a Kazakh oil field joint venture, is finally being arranged, said four bankers this week.
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Nynas, the Swedish bitumen and speciality oils producer, has signed €650m of loans in an oversubscribed deal with six banks.
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Amadeus, the Spanish airline ticketing systems group, has signed a €500m revolving credit facility with a group of 12 banks, bringing in two new lenders as two dropped out.
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The £920m loan for Steinhoff’s bid for Darty remains in place, although the South African firm has been outbid by French retailer Fnac.
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It’s that time of the year again in the European high yield market: finally, the single-B, the triple-C and even the unrated credits are racing towards a window of issuance that market participants say heralds a busy second half of the year.
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Standard Chartered has picked a new head of syndicated loans for Africa, after moving its syndicated loans unit into its corporate finance division.
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