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Leveraged loans in stressed sectors like software carry refinancing risk
Ferrero International markets €300m deal
Six tranche loan attracts record demand
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Companies usually park their reserves of cash in staid, low-yielding liquid assets. But asset managers are trying to persuade them to invest some of that money differently, in a way that could help them live up to their environmental commitments.
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US private placement market participants are expecting a busier time than usual as volatility due to the UK's departure from the European Union pushes borrowers away from the sterling bond market.
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Africa Finance Corp has raised a $300m loan facility from a consortium of international lenders.
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The US’s Bristol-Myers Squibb (BMS) has picked two banks to provide the debt portion of its $74bn acquisition of biotech firm Celgene, in one of the biggest pharmaceuticals mergers in recent years.
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The UK’s Ashtead has ramped up the size of its bank facility to $4.1bn, as amend and extend operations continue unabated after the Christmas break.
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Is pricing in the Asian loan syndications market finally bottoming out? All the signs for an uptick in margins this year are there, writes Pan Yue.
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