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Sandrine Bradley

Rise in banks' RWAs could slow lending across EMEA

Jul 09 2020

LONDON, July 9 (LPC) - Banks' appetite for syndicated loans could reduce substantially as lenders address the increase in their risk-weighted assets as a result of the impact of Covid-19, bankers said.

Abu Dhabi's ADQ shores up liquidity with up to US$3bn club loan

Jul 03 2020

LONDON, July 3 (LPC) - Abu Dhabi state-owned holding company ADQ is in the market for a US$2bn-$3bn loan, which is expected to be provided by a club of international lenders, according to banking sources.

Oman returns to loan market for US$2bn despite recent downgrade

Jul 02 2020

LONDON, July 2 (LPC) - Oman is in the market for a US$2bn bridge loan from international and regional lenders, which bankers expect the sultanate to complete successfully despite it being downgraded further into junk territory.

Dutch retailer Hema to be taken over by bondholders

Jul 01 2020

LONDON, July 1 (LPC) - Dutch retailer Hema’s senior secured noteholders (SSNs) are set to take over the business through a debt-for-equity swap, as more than 80% of noteholders agreed to a debt restructuring, banking sources said.

Investors raise $7.96 billion loan for ADNOC pipeline deal

Jun 24 2020

LONDON (LPC) - A consortium of investors has signed a US$7.96bn commercial loan to back a US$10bn gas infrastructure deal it has agreed with Abu Dhabi National Oil Company, banking sources said.

CORRECTED-Investors raise US$7.96bn loan for ADNOC pipeline deal

Jun 24 2020

LONDON, June 24 (LPC) - A consortium of investors has signed a US$7.96bn commercial loan to back a US$10bn gas infrastructure deal it has agreed with Abu Dhabi National Oil Company, banking sources said.

REFILE-Russia's NLMK seeks extra liquidity

Jun 18 2020

LONDON, June 18 (LPC) - Russian steel company NLMK is in the market for a US$500m-$750m revolving credit facility that will provide extra liquidity, bankers said.

Cocobod seeks club deal as banks refuse underwriting risk

Jun 17 2020

LONDON, June 17 (LPC) - Ghana Cocoa Board’s (Cocobod) annual pre-export financing will be raised by a club of banks as lenders declined to underwrite the risk amid the uncertainty of the coronavirus pandemic, banking sources said.

UK insolvency law poses hefty losses for government-backed loans

Jun 04 2020

LONDON (LPC) - The UK government could face hefty losses on loans made to struggling businesses during the Covid-19 pandemic due to its new insolvency law that can force lenders to accept unfavourable terms during a debt restructuring process.

New UK insolvency law fails to deliver

May 28 2020

LONDON, May 28 (LPC) - A new insolvency law fast tracked by the UK government as a response to the impact of the Covid-19 pandemic on businesses has prompted confusion and disappointment among restructuring advisers.

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