30 July 2010
Spain’s Fund for Orderly Bank Restructuring (FROB) has signed a Eu3bn revolving two year liquidity line to support its work refinancing and consolidating the country’s banks, as the agency faces a possible increase in demand after the failure of several cajas in last week’s stress tests. read more »
Private equity house Lion Capital will part finance its recent Eu1.5bn purchase of Picard Surgelés, the French frozen foods company, with Eu655m of senior secured loans and a Eu300m high yield bond.
Spain’s Telefónica has agreed an Eu8bn loan to help fund its takeover of Brazil’s Vivo, after 29 banks committed to the facility.
A report from Fitch Ratings has shown that European borrowers have moved to the US model of funding, having increased their reliance on the bond market. The agency expects this shift to be permanent. Nina Flitman and Sarah White report.
29 July 2010
Philippine Conglomerate San Miguel Corp is to raise up to $1bn from an $880m financing which it launched into syndication this week, underlining the recent improvement in Asia’s loan market.
Abu Dhabi investment group Aabar is expected to close a $2bn syndicated loan in the next week with a slight oversubscription.
Russia reborn: loan market steps up the pace
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French footballers could learn a lesson from French borrowers
Bookrunners of all syndicated loans marketed in EMEA — 2010 (July 29, 2010)
Deutsche hires Walker for EM loans and Avot for trade finance
by Olly Copplestone
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Turkey in the Capital Markets
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