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International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
Divisions deepen over multilateral development banks’ climate commitments
Deal rules and slow primary market make ramping up deals difficult
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A juicy Middle Eastern project finance loan — for Oman Oil Refineries and Petroleum Industries Company (Orpic) — will be signed by end of next week, according to a banker close to the deal.
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Brunswick Rail has drawn on a tranche of a Rb1.6bn (€20.5bn) two year loan from Alfa Leasing which pays interest of 16%, as tough operating conditions and a weakened currency weigh on its business.
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LGC, the UK life sciences company being bought by KKR, tightened price guidance on its €350m euro term loan ‘B’ again, after bringing forward its deadline.
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DebtXplained, the leveraged finance covenant specialist, has hired a senior banker from Lloyds — and says that more recruitment of capital markets bankers is to come.
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A $250m loan for Fiat’s Indian arm has attracted large commitments from four lenders and is due to close soon.
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Infinitas, the educational publisher, has set final terms on the €435m senior secured debt package backing its acquisition by Compass Partners from Bridgepoint.
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