Top section
Top section
Belgian car leasing company taps four banks and three investment firms
Deal refinances €1.5bn transaction from 2022 while providing new money and is sustainability-linked
Volumes and deals similar to last year, when the market grew by 13% year-on-year to an annual record
More articles
More articles
More articles
-
Lease accounting changes known as IFRS 16 are rolling out through capital markets, with companies keen to reassure investors that, despite the new way of presenting their balance sheets, little has changed. But that’s not true for every firm and for some high yield issuers, the change represents a big loosening in covenant terms. -
FMO, the Dutch development bank, is constructing an innovative programme using synthetic securitization techniques to finance entrepreneurs from Africa, the Middle East and eastern Europe.
-
Second lien loan structures are substituting in for unsecured high yield issues, as a strong bid from direct lending funds pushes prices for the product tighter. Despite wariness from many banks about the product, Goldman Sachs has been seen actively competing with private debt funds to offer second lien finance, adding to the product’s advantages for sponsors.
-
UK Commercial Property Reit (UKCM) has added to its revolving credit facilities and reduced its term loans, shaving 10bp off its cost of funding, as lenders say sterling loans are viable despite Brexit uncertainty.
-
UK gambling software firm Playtech has raised its revolving credit facility to €272m, having agreed its first deal of that type since printing its debut bond in the last quarter of 2018.
-
Taiwanese banks are turning to southeast Asia to diversify their loan books, as they find it harder to get credit approval for loans to mainland China. But they are still getting used to the market — and some complain that pricing remains unpredictable. Pan Yue reports.
Sub-sections
