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...The Beijing-based Asian Infrastructure Investment Bank is in talks to provide a second loan guarantee deal to the World Bank, a move that would deepen the lenders’ partnership and allow the Washington-based...
...This means that in case of a default on the loan, the two Beijing-owned banks could become shareholders of Thames Water. Their pivotal role comes amid tensions over Chinese investment in Britain....
...He was made an executive director, the rank below managing director, and formally given the title of “head of loan trading”....
...Macquarie said that £12bn went towards investment in the network during this period....
...Carlyle could yet become the outright owner of LSA if Esken were unable to repay the almost £200mn loan....
...BofA’s investment banking revenues rose 35 per cent from a year earlier, generating $1.6bn in fees, or $300mn more than expected....
...Heavier demand for syndicated loans helps investment banks compete with direct lenders on price....
..., which Lithium Americas says is the US’s largest, will help to reduce the US auto industry’s reliance on China for the EV battery material when it begins producing in 2027.GM announced a record $650mn investment...
...They operate under the same US regulatory umbrella as real estate investment trusts, meaning they have to pay out 90 per cent of their earnings to shareholders....
...Economists said the fall in borrowing, which reflected lower investment plans, meant the region’s economy was likely to continue stagnating....
...The managers of these capital pools buy up pieces of multiple bank loans, often stemming from private equity deals....
...The convertible loan gave the airport a nominal valuation of £400mn in 2021....
...Brookfield, which manages more than $900bn, and the Qatar Investment Authority, the sovereign wealth fund....
...A quick refresher for readers who aren’t finance sickos like us: Collateralised loan obligations are one of those fun investment vehicles that bundles junk-rated loans, packages them into a new security...
...But Intrum’s struggles highlight that bad debts have not been a good investment for public markets in recent years. Intrum shares are trading close to 15-year lows; they fell 6 per cent on Tuesday....
...Last month, creditors to Signa’s two most important group entities, Signa Development and Signa Prime, were told they could expect to recoup just a fraction of their investments....
...This was a payday loan of a Budget, designed to get a hand-to-mouth government from here to the election....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...In today’s newsletter: Thames Water’s tricky loan situation Brookfield gets stymied in Australia The investors behind London’s top Indian dining spot Muddying the water When is a loan not a loan?...
...Raghavan’s new role puts him in charge of Citi’s corporate loan business as well as investment banking, and, unlike at JPMorgan, he will report directly to the chief executive....
...A large part of syndicated-loan demand is driven by collateralised loan obligations, which have big portfolios of loans whose diversification is meant to protect against losses....
...The $426bn investment firm Carlyle Group is demanding the early repayment of a £125mn loan made to the airport in 2021, when the aviation industry was reeling from international travel restrictions....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...Those gains are now feeding through to French lenders as they make new loans, though BNP’s personal and commercial banking revenues in France were held back by inflation hedges that are expected to disappear...
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
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