Monday, 20 August 2018

Tessa Walsh' s stories

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  • Spain pulls €6bn lottery loan

    Loans | 14 December 2012

    Spain has abandoned its attempts to raise a €6bn loan for the national lottery that was intended to form part of an €18bn government aid fund for the country’s cash-strapped regions.

  • Commitment to the cause

    Loan House

    All Special Reports | 14 December 2012

    Commitment to the cause: For pushing hard in cross-border lending, showing commitment to the loan product by boosting the bank’s platform at a time when others were pulling back, and keeping its head when all others were losing theirs, JP Morgan is IFR’s Loan House of the Year.

  • Gold Fields

    Gold Fields mines demerger deal

    Top News | 08 December 2012

    South African mining company Gold Fields is holding one-to-one meetings with relationship banks about a US$900m syndicated loan, which makes up the bulk of a US$1.5bn financing package that backs the demerger of two gold mines and refinances existing Gold Fields debt.

  • BofA Merrill on a spending spree

    Loans | 07 December 2012

    Bank of America Merrill Lynch is emerging as one of the biggest buyers of loans from deleveraging European banks, which have been selling loan portfolios to raise capital and comply with stress tests, tidy up their balance sheets and refocus on their client base.

  • Combination photo shows the logos of Glencore and Xstrata at their headquarters in Zug

    Switzerland: Glenstrata may consolidate backstop facilities

    Loans | 23 November 2012

    The US$32bn merger of global commodities trader Glencore and miner Xstrata, which received shareholder and EU approval last week, could prompt a c

  • North-South divide

    Coming in from the cold

    Loans | 17 November 2012

    A steep fall in bank funding costs since the middle of 2012 is helping peripheral banks to lend more and to return to the European loan market, and is also prompting a debate about whether the cost reduction should be passed on to cut the hefty premium for Italian and Spanish companies to raise loans.  

  • Flag with the logo of Rosneft flutters over the Novokuibyshevsk refinery near the city of Samara

    Russia: Commitments roll in for Rosneft loan

    Loans | 16 November 2012

    Russian oil firm Rosneft is receiving banks’ initial commitments to a US$32.5bn loan that it is arranging to back its US$55bn acquisition of TNK-BP. Rosneft is arranging the massive loan in order to avoid paying banks’ underwriting fees. The deal is the largest ever loan issued to a Russian company and

  • RIP

    RIP dollar premiums?

    Loans | 16 November 2012

    A pricing premium on US dollar loans or dollar tranches or drawing on euro-denominated syndicated loans for European companies which was introduced in late 2011 is gradually disappearing as bank funding conditions ease and dollar availability improves for European banks.

  • IBRC

    Ireland's IBRC mulls sale of €2bn portfolio

    Top News | 12 October 2012

    State-backed Irish Bank Resolution Corporation, the former Anglo Irish Bank, is considering selling a loan portfolio of up to €2bn as part of its push to wind up operations by 2020.

  • A trader gestures in front of screens on the trading floor of Inversis bank

    Shift from loans to bonds set to linger

    Loans | 12 October 2012

    The drive to create a US-style European bond market for European companies looking for an alternative to the traditional syndicated loan market will take longer than expected, a senior banker said last week.