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Poste will not borrow for the cash component
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
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Spain’s Iberdrola has signed a €400m long maturity green loan, completing the energy company’s financing needs for a €1.5bn hydropower facility in Portugal.
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Rabobank’s Adam Wotton is set to move to HSBC’s leveraged and acquisition finance team as a director.
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The first results are emerging from the worldwide drive to get companies to think about how climate change is going to affect their businesses. Over 40% of the world’s biggest firms are now able to give an estimate of how much they expect to lose and gain. Collectively, they forecast twice as much upside as downside. But this may be optimistic, especially as the data are skewed to financial services.
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JP Morgan has appointed Xavier Bindel as co-head of technology investment banking for Europe, the Middle East and Africa, as it seeks to improve its capabilities in a brisk area of business.
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Bayer’s sale of its animal health unit ought to help a leveraged loan market where supply is still running short of last year’s total — and help loan investors compensate for M&A deals that have dropped out of this year’s pipeline.
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French pharmaceutical firm Ipsen is holding a roadshow for possible US private placement notes this week, according to market sources.
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