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Friday, 15 December 2017

Tessa Walsh' s stories

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  • 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.

  • Strong demand supports high secondary prices

    Loans | 13 January 2017

    Loan traders expect a strong technical market and excess demand to support high secondary prices in early 2017 as fears of further rate rises funnel more cash into the asset class and traders focus on sectors that may benefit under the Trump administration.

  • Loan House and Asia-Pacific Loan House: HSBC

    All Special Reports | 16 December 2016

    For landing starring positions on the biggest global cross-border acquisition loans of the year and playing a leading role in Asia’s booming outbound M&A as China flexed its financial firepower, HSBC is IFR’s Loan House and Asia-Pacific Loan House of the Year.

  • EMEA Loan House: BNP Paribas

    All Special Reports | 16 December 2016

    Syndicated lending tumbled in 2016 as refinancing activity slumped in a volatile year full of political surprises. For providing much-needed stability, consistency and reliability in turbulent times, BNP Paribas is IFR’s EMEA Loan House of the Year.

  • Corporate debt still dominated by loans

    Loans | 02 December 2016

    Corporate bond issuance may be on track for a record 2016, but Europe’s €11.2trn of outstanding debt is still dominated by loans, according to a report by Fitch Ratings.

  • Banks mull ECB clampdown impact

    Loans | 02 December 2016

    The European Central Bank’s looming restraints on leveraged lending are raising questions among bankers as the new guidelines could hit profitability as well as curbing systemic risk by reducing the number of high-risk loans on banks’ balance sheets.