Schuldschein agents have begun offering borrowers delayed draws in a bid to increase the format’s value for borrowers. But many investors are weary of the prospect. With the public bond markets beating Schuldscheine on price, arrangers have been thinking of what else they can offer
By Mike Turner 12.45 PM Bureau Veritas, the French laboratory testing company, has amended its €600m bank line to include ESG elements, as the company is on course to breeze through its relaxed covenant restrictions at the next test. The margin on the facility will
We also welcome pitches for the CLO Arranging Bank of the Year, Esoteric ABS Bank of the Year, and Innovative Deal of the Year awards, and are aiming to run pitches for these categories during March and early April. This is only the first stage
Croatia was set to price a bond in euros on Thursday, following two other EM sovereign issuances in the currency this week. The Reg S/144A dual tranche benchmark bond consists of 12 year and 20 year tranches. Initial price thoughts on Thursday morning were 135bp
By Frank Jackman 01.00 PM Svenska Handelsbanken returned to the Kangaroo market this week to print a five year preferred senior deal at a decade tight level, as the long term absence of funding from the Aussie market’s major domestic banks drives down senior spreads.
Jamal Khashoggi’s brutal killing by a group of Saudi agents three years ago shocked the world The US is preparing to release an intelligence report that is widely expected to implicate Saudi Arabia’s crown prince in the murder of journalist Jamal Khashoggi in 2018. President
A Hyundai Kona Hyundai is to replace the electric batteries in nearly 82,000 of its electric vehicles worldwide because of a fire risk. Most of the affected vehicles are Kona cars built between 2018 and 2020, thousands of which have been sold in the UK,
The Conversation From ‘aliens’ to ‘noncitizens’ – the Biden administration is proposing to change a legal term to recognize the humanity of non-Americans If a proposed law passes, this group of immigrants apprehended at the U.S. border near Mission, Texas, would be called ‘noncitizens,’ not
The Conversation Alexei Navalny leads Russians in a historic battle against arbitrary rule, with words echoing Catherine the Great Women form a human chain on Feb. 14 in central Moscow to support jailed opposition leader Alexei Navalny, his wife Yulia Navalnaya and other political prisoners.
BAGHDAD (AP) — Explosive-laden drones that targeted Saudi Arabia’s royal palace in the kingdom’s capital last month were launched from inside Iraq, a senior Iran-backed militia official in Baghdad and a U.S. official said. Speaking to The Associated Press this week, the militia official said