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Consortium of four banks provided financing with one bank new to deal
LBO financing includes $5.75bn term loan to be priced early next week
Consortium of eight banks provided the loan and facility contains 'rendevous' clause for switch to green purpose loan
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On Tuesday the Loan Market Association held its annual syndicated loans conference, where heads of loan syndications reflected on a year of gloomy headline figures — but some promising sub-headers. -
Shares in EQT, the Swedish private equity firm, popped 25% on day one after its IPO was priced on the Nasdaq Stockholm on Tuesday — after what sources called a “targeted” IPO process.
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Natixis has become the first bank to introduce a green weighting factor to its internal capital model, so that the way it prices loans is skewed to favour environmentally sound assets and disadvantage polluting ones. The ground-breaking move brings to fruition an 18 month project and anticipates what some believe may one day be demanded by regulators.
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The Loan Market Association has released drafts on compounded Libor replacement rates, though the industry body stopped short of announcing a recommended method to use when calculating margins from risk-free rates.
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Ronshine China Holdings, a Hong Kong-listed company, has teamed up with a syndicate of banks for a HK$815.5m ($104m) three year loan.
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Standard Bank is set to raise at least $500m by the end of the year, the latest in a series of loans raised by South African banks in the past few months. The deal is expected to have tighter margins than its previous deals, according to market sources.
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