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Deal comes 11 years after the company's previous loan and was extended by two banks
The German wind turbine manufacturer expanded its banking consortium to 11 institutions in "very favourable" deal
Saudi Arabia mining firm furths relationships with international banks following a $1bn sukuk in January
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The 2020 syndicated loan market has made a far slower start to the year than in 2019, with not even $1bn of deals signed globally. Some bankers fear this is set to be another tepid year for European loans. -
German agricultural machinery firm Claas has entered the Schuldschein market for a minimum of €150m, with one of the deal's tranches not settling until mid-August.
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Axis sells full Syndicate Bank loan — Onfem boosts size to HK$6bn — Indorent closes $175m borrowing with 13 banks — VPBank wraps up $200m facility — Vingroup attracts 14 lenders
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India’s National Thermal Power Corp has mandated three lenders for a $300m-equivalent Samurai loan, after sending out a request for proposals last year.
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Oil major BP's A1 rating from Moody's, which is somewhat strained, has been strengthened by its $625m sale of its interest in a North Sea oil field to Premier Oil.
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Faber-Castell, the German manufacturer of office supplies, was the second borrower to enter the Schuldschein market in 2020, offering five and seven year notes with a sustainability-linked ratchet on Wednesday.
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