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Syndicated Loans

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  • Sumitomo Mitsui Banking Corp is arranging non-deal roadshows for Indonesian car rental service provider CSM Corporatama.
  • Vedanta Resources has made a quick loan comeback for a $500m borrowing.
  • Mexico’s central bank has finally taken a dovish turn to ease pressure on a languishing economy. Yet prudence in the face of structural changes continues to be the guiding light for Banxico, governor Alejandro Díaz de León tells GlobalMarkets
  • JP Morgan, Citi and Goldman Sachs kicked off the third quarter results season for investment banks on Tuesday. While debt and equity underwriting revenues grew substantially at JP Morgan compared with the equivalent quarter of last year, they fell at Goldman.
  • Institutional investors from the US have been lending to German borrowers using the Namensschuldverschreibungen (NSV) — a non-callable registered instrument that is, unlike the Schuldschein, non-cancellable after 10 years. But some are sceptical of their involvement in the market, as they are of US lenders participating in the Schuldschein market.
  • The UK’s Endava has signed a new £200m-equivlanet multicurrency facility, with the software development company swapping a bilateral loan for syndicated lending.