Alasdair Reilly
Contact Info
Recent stories
-
Switzerland: Glencore Xstrata strikes market liquidity
Diversified natural resources company Glencore Xstrata hit a rich seam of market liquidity on its US$17.34bn loan, taking advantage of banks’ appetite to lend in a low deal flow environment, as it completed Europe’s largest corporate refinancing since 2006.
-
Franco-German pricing gap remains
German fertiliser and salt producer K+S AG is looking to pay just 40bp over Libor on its €1bn loan refinancing, showing that German borrowers continue to pay less for their financings than their French peers, despite the recent tightening seen on French deals.
-
Snam goes it alone and misses a trick
Italy’s Snam managed to cut its borrowing cost on €3.5bn of revolving credits by amending existing loans, but bankers said that the highly rated gas distributor could have achieved bigger savings by mandating banks to arrange a new loan.
- Schneider Electric sets new French benchmark
- Funds to continue direct lending despite Northgate refi
- Glencore opts for corporate structure
- Italy: Banks hope for restraint on Snam repricing
- M&A hopes rise
- Spain revives plan for lottery funding
- Italian revival as Snam mulls repricing
