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Syndicated Loans

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Executive moves from Deutsche to be MD
Banker poached from Citigroup
Former investment banker has been CFO of Verbund
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  • Hong Kong’s mortgage loan provider Lei Shing Hong Credit has closed a $330m-equivalent deal with 11 lenders.
  • Environmental, social and governance investors are taking an interest in companies' supply chains at last. It is important they do this in a sophisticated way and think deeply about the potential repercussions. Getting supply chains wrong could have devastating consequences.
  • German drug packaging manufacturer Gerresheimer launched a Schuldschein on Tuesday, according to market sources, ahead of €190m of debt maturing this November.
  • Signs are growing that Western companies may be on the verge of a wave of moving manufacturing from China to other emerging markets and ‘re-shoring’ them to the home country, a trend that could have profound implications for markets and international politics.
  • Spain’s Sonnedix, a solar power producer, has signed bank facilities totalling €154m, a day after Moody’s said sustainable project finance has a lower default risk than its conventional equivalent.
  • Grant Thornton LLP, the US affiliate of the international accounting firm, is raising money via the private placement market for the first time in almost 20 years, according to market sources. Grant Thornton LLP follows into the market the US arms of Deloitte, KPMG and PwC, who have each raised PPs in the past three months.