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Syndicated Loans

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  • JP Morgan has named a new leadership team for its EMEA leveraged finance operations, following the retirement of Kristian Orssten, a 25 year veteran of the firm.
  • A new digital blockchain platform for promissory loan notes has launched, with four German banks hoping their offering will be able to jostle for a place in an increasingly crowded digital market.
  • Austria’s Prinzhorn Holding has launched a €200m Schuldschein, with the packaging and recycling group bringing the one of the largest deals to hit screens in a spree of deals trying to beat the summer lull
  • Malaysia engineering multinational KNM’s German businesses have signed a credit facility of up to €200m, using the deal to refinance existing bank lines.
  • Bank of America is covering more clients than ever in a quest to overhaul its rivals at the summit of the league table rankings, spelling further bad news for European banks, writes David Rothnie.
  • The corporate bond market took on a distinct green tinge this week - something that is becoming more and more common. Green bonds are reaching an ever wider spread of issuers - though not yet oil group Total, out on Wednesday with a euro and sterling three-trancher, nor defence group Thales, which issued on Tuesday.