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Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
A slow destruction of misallocated investment is more likely than a sudden stop
Investors confident software fears are overblown
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Rodenstock gets loan support after business turnaround — ICBC London mandates for Chinese green loan first — Nokia dials in ESG-linked loan — SVR Group builds on existing loan maturity — SCA goes local for bank loans
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BNP Paribas to lead buyout debt for Drahi’s purchase of Sotheby’s - Schuldschein rarity as Agrana markets fixed, floating notes at different margins - Rail Cargo Austria rolls into Schuldschein market - Citi preps refinancing for Befesa after Triton’s exit
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Five senior members of ING's emerging markets and loans teams in London have left the bank, as loans desks across London feel the strain of a 43% fall in business after an already tough year.
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Norwegian oilfield services firm Petroleum Geo Services has pulled its planned refinancing, citing "increased volatility in the capital markets" and "weaker investor sentiment towards oil field service".
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Ghana Cocoa Board, the central organisation for Ghana's cocoa industry, is in the process of raising $1.3bn to refinance existing debt.
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Sweden’s Svenska Cellulosa Aktiebolaget (SCA) has signed credit lines totalling Skr6bn ($638m), though the bulk of facility for the timber, pulp and paper company will remain undrawn.
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