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Tuesday, 24 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.

  • 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.

  • Cameron tackles Brexit, Trump for Carlyle investors

    People & Markets | 18 November 2016

    Former UK prime minister David Cameron said Brexit could provide opportunities for banks in Britain and Donald Trump’s US election win might also benefit the industry, in a speech to investors last week.

  • David Cameron

    Cameron tackles Brexit and Trump at Carlyle conference

    Ticker | 16 November 2016

    Former UK prime minister David Cameron said Brexit could provide opportunities for the UK financial services sector and the US election result might also benefit the industry, in a speech at an investor conference hosted by private equity firm Carlyle Group.

  • Premier Oil logo

    Premier Oil struggles to manage banks

    Top News | 11 November 2016

    Premier Oil is trying to keep its bank syndicate in place as its lenders consider exiting the troubled independent oil company.

  • Macquarie Group logo

    Fund financing booming

    Loans | 04 November 2016

    Fund financing is increasing lending to financial institutions in Europe, the Middle East and Africa as corporate-style loans for institutional investors, including private equity funds, grow in size and scale and more banks target the sector, which offers attractive yields for relatively low risk.

  • Bayer logo

    UK syndicated lending slumps

    Loans | 28 October 2016

    Syndicated lending to British companies has more than halved in the year to date compared with the same period last year, as Brexit continues to cast a pall over what was previously Europe’s biggest loan market.

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