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Friday, 20 October 2017

Tessa Walsh' s stories

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  • Qatari loans test lenders' loyalties

    Loans | 06 October 2017

    A US$570m syndicated loan refinancing for Turkey-based QNB Finansbank is highlighting the growing difficulties facing international banks as they struggle to maintain impartiality in Qatar’s dispute with its neighbours.

  • Banks assess loan exposure as Qatar crisis deepens

    Loans | 29 September 2017

    Qatari banks and financial institutions in neighbouring countries that have severed diplomatic and transport ties are assessing their exposure to each other and seeking to sell loans in the secondary market as the crisis threatens to deepen.

  • EC gears up for market study

    Loans | 22 September 2017

    The European Commission is getting ready to kick off its review of the syndicated loan market with the appointment of a third-party surveyor to examine potential competition issues as part of a wider drive by the regulator to apply antitrust law to banking and financial services.

  • A Noble Group sign is pictured at a meet-the-investors event in Singapore.

    Banks cut exposure to Noble

    Loans | 09 June 2017

    Banks have sold about US$300m of a US$1.1bn revolving credit loan for Noble Group to funds, in a bid to limit their losses as the company appears to be gearing up for a contentious restructuring, banking sources said.

  • European Central Bank (ECB) headquarters

    ECB rules to reshape leveraged lending

    Top News | 09 June 2017

    The ECB’s final guidance on leveraged loans will reshape the European market when it comes into effect in November, but several key questions have yet to be answered as the countdown begins.

  • Lenders grapple with Brexit impact

    Loans | 19 May 2017

    The effects of Brexit are starting to be felt in the syndicated loan market as lenders seek greater flexibility on where and how they book loans to deal with the potential loss of passporting rights in a hard Brexit, a move that could cause operational problems for banks’ agency functions.

  • British Pound Sterling banknotes

    UK banks cut and run from local loans

    Top News | 10 March 2017

    UK banks are selling hundreds of millions of pounds of performing syndicated loans made to British companies to foreign banks as they try to boost profitability by reducing their exposure to - and even exiting - unprofitable relationships to meet growing pressure on balance sheets.

  • Valeant Pharmaceuticals logo

    Valeant rallies support with key refi

    Top News | 10 March 2017

    Valeant Pharmaceuticals has taken advantage of a welcoming US leveraged market to refinance, repay and extend the maturity on its creaking US$30bn debt pile with a mix of new loans and bonds as the troubled Canadian drugmaker’s equity price remains under pressure.

  • Opportunities for buyouts to remain muted in 2017

    Loans | 03 February 2017

    Lending to new European buyouts in 2017 is expected to be in line with €50bn in 2016 despite a possible rush for deals before the European Central Bank implements new leveraged lending guidelines, according to a report by Fitch Ratings.

  • British passport  pictured in front of an European Union flag

    LMA warns on Brexit’s loan impact

    Top News | 03 February 2017

    Britain’s plans to leave the EU are raising a raft of potential problems for the syndicated loan market, ranging from lower volume and liquidity to significant challenges and costs for agency and documentation, which the Loan Market Association is trying to pre-empt.

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