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German promissory notes come into their own in times of stress
Company ups loan from €135m and adds sustainability linkage
Conflict marks inflection point for investment banks as syndicated loan exposure and crushed bond fees come under scrutiny
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High-grade loan bankers are growing increasingly confident about the 2020 pipeline, after the Conservative Party’s comprehensive win in last week’s UK general election is expected to unleash UK M&A.
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Fidelity, the US asset manager, warned the European Securities and Markets Authority that Europe’s Market Abuse Regulation lacks clarity, and that even public side information on leveraged loans could potentially contain material non-public information.
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NN Investment Partners has hired a head of alternative credit, who is set to start in mid-January.
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A subsidiary of Indonesian conglomerate CT Corp is talking to banks for a $750m refinancing loan, according to bankers close to the situation.
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DBS has hired two bankers to join its syndicated finance team in Singapore.
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Multiplex cinema chain Cineworld is betting on rapid expansion as it pours more billions into another North American acquisition. Cineworld, which is among the most shorted companies in the UK, plans to acquire Canadian competitor Cineplex in a $2.1bn deal financed by debt. This plan comes nine months after it made a $3.6bn acquisition in the US.
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