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Company’s new facility was described as ‘substantially oversubscribed’ and structured as a club deal as it adds contingent liquidity loan for $3bn
Hire comes from Ares
Company last issued Schuldscheine in 2019
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ArcelorMittal, the steel company headquartered in Luxembourg, has signed a $3bn new loan facility with four banks. -
Chinese chemical company EcoGreen International Group has returned to the offshore loan market after a three year break for $150m.
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Stockor Ng, a former DBS loans banker, started his new job at China Citic Bank International this week, GlobalCapital Asia understands.
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Governments in developed countries have rushed to introduce measures to support companies, large and small, battling with the effects of coronavirus lockdowns. But they are all doing it differently, throwing a spotlight on the relationships between public and private sectors in each country and inviting the question: which is the gold standard? Jon Hay, Silas Brown and Mariam Meskin report.
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English football’s highest level is at a clinch point as teams juggle a plunge in revenue, due to the suspension of the Premier League season, and the hefty overheads of player wages they must continue to pay. With clubs in need of cash, viable options are proving few and far between. Silas Brown, Sam Kerr and Mariam Meskin investigate.
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US banks this week reported stellar returns from trading and underwriting in the first quarter, even as the bottom line was hit by gigantic writedowns and reserves for credit losses, as the economic and financial disruption from the coronavirus crisis took its toll.
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