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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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Botswana’s diamond industry has received a $125m boost, after a trio of commercial and state-linked lenders have signed a joint risk loan guaranty agreement.
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HSBC said on Thursday that it had strengthened its infrastructure and real estate team, hiring six bankers externally and making five internal appointments.
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Most European leveraged loan deals in October are achieving savings of 25bp and more over price talk, with demand on the rise. The loan offering to fund Advent’s buyout of Distributed Power confirmed this trend, as it tightened margins and issue discounts.
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The Asian loan market suffered a drop in volume in the third quarter, with bankers blaming a lack of event-driven deals, a deprecating renminbi and trade tensions for the fall. But all hope is not lost just yet, with a turnaround coming, writes Pan Yue.
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CapitaLand has raised a S$300m ($218m) sustainability-linked loan from DBS, the first of its kind from Asia’s real estate sector.
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India’s UPL Corp has launched a $3bn five year term loan into general syndication to support its acquisition of Arysta LifeScience.
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