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Sleeping SLLs clause enters template as compressed margins make borrowers reluctant to deal with verification costs
First Abu Dhabi joins the syndicate for the short term loan all but equalling the size of a previous revolving facility
Absa, FirstRand and Standard Bank were MLAs in first deal after private equity exit
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Lombard Odier has made two senior hires to help cultivate sustainable private credit strategies.
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Veolia Environment, the French utility, has launched an all-out attack in its attempt to buy domestic rival Suez, as the acquisitive company looks to bypass Suez’s board in an offer to shareholders that values the target company at €11.3bn. Suez is already claiming that the move has been denied by the courts.
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Vietnam Technological and Commercial Joint Stock Bank is in discussions with lenders for a comeback to the loan market.
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Cooperative farm supplier Danish Agro has entered the Schuldschein market, after nearly a fortnight has passed with no new issue.
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European loan bankers have been trying to convince corporates to switch their loans to risk-free rates sooner rather than later as the Libor deadline looms, but so far borrowers are largely ignoring their pleas.
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HSBC loans banker Ashish Sharma has taken on additional responsibilities, co-leading Asia Pacific leveraged and acquisition finance with Rachel Watson.
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