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AfDB hopes to launch multi-issuer securitization this year
◆ French firm takes €700m with unrated deal ◆ Double digit concession needed ◆ Deal prices inside debut, but returns higher yield
Deal liberates capital and tempts investors to take new frontier market risk
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Low & Bonar has asked its lenders to waive covenant testing on its credit facility, as the UK polymers company battles through a tough trading period and tries to ensure its acquisition by a German rival goes ahead. -
The UK Treasury office has formally approved guidance on how know your customer (KYC) is implemented in the syndicated loan market, using a draft rewritten by the Loan Market Association after the initial inception was deemed too punitive.
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Birmingham Airport has sold 30 and 31 year US private placements, as airports and port operators in Australia and Europe carve out a healthy chunk of market volume.
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As Asia’s bond market sees the first issuance linked to the secured overnight financing rate (Sofr) this week, eyes have turned to how loan market participants are preparing for the move away from Libor. While discussions within banks and with borrowers are taking place, progress has been slow, writes Pan Yue.
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Health and Happiness International Holdings and Shui On Land have both made swift returns to the loan market for tightly priced deals.
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India's Tata Capital Financial Services has made a quick loan comeback, seeking a $135m-equivalent dual-currency deal.
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