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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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The Loan Market Association (LMA) and the Association of Corporate Treasurers (ACT) have released an update to their guide on the Libor reforms, as the industry bodies look to lead the market through the “enormous task” of transitioning away from the pricing benchmark.
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US firm Marsh & McLennan Companies will buy UK insurance company Jardine Lloyd Thompson (JLT) for around £4.3bn, with a Goldman Sachs bridge loan due to do most of the deal’s heavy financial lifting.
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Saudi Arabia’s sovereign wealth fund has got markets buzzing after announcing that its $11bn loan signed earlier this month is the first step of its capital markets funding programme.
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African Export-Import Bank (Afreximbank) has for the first time turned exclusively to the Korean banking market to sign a $150m club loan.
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China’s O-film Tech is tapping offshore lenders for the first time for a $100m term loan, hitting the market amid escalating tensions between the US and China.
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HSBC Securities Services has appointed two global co-heads — one of them a well-known figure in the debt capital markets.
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