Hints and tips:
Related Special Reports
...Investments in Warrington’s £1.5bn portfolio that have attracted scrutiny include a stake in since-collapsed power provider Together Energy and large loans to ecommerce entrepreneur Matthew Moulding that...
...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...
...These debts include mortgages and loans for cars, rental equipment and yachts....
...The loans were tied to its residential portfolio and development pipeline....
...It includes anything we do across credit and lending, from investment grade to high yield in public markets — leveraged loans, CLOs, anything like that — to private investment grade and private non-investment...
...Doctors and patients groups have sounded an alarm over the rise in medical loans....
...Commercial real estate has been badly hit by the jump from ultra-low debt costs to much higher interest rates, which has made it more difficult to finance deals and strained existing investments as property...
...The latter separated its US assets from those in Argentina in 2023 to distance the North American-focused entity from Chinese shareholder Ganfeng Lithium and qualify for concessional government financing...
...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...
...The IMF estimates the size of the global private credit industry at more than $2tn, most of which is in the US, rivalling the high-yield and leveraged-loan markets....
...And defaults have been relatively low in private credit compared to broadly securitised loan markets. From Barclays: But this is where things start to get a little bit tricky....
...Second, while the IDA funding terms are “concessional” from a pricing and loan tenure perspective, it still leaves the currency risk of the loan component with the recipient country....
...Investment bankers from the likes of Barclays, BNP Paribas and Morgan Stanley are shepherding the deal through the market, while Canadian ratings agency DBRS has provisionally awarded the top tranche of...
...By comparison, loan loss provisions dropped at Citi, JPMorgan and Wells Fargo, by 33 per cent, 32 per cent and 29 per cent, respectively, from their previous quarters....
...Economies are performing better than expected and unemployment is low. Overall, provisions relative to loan books might increase a few basis points this year to 0.49 per cent, thinks UBS....
...Blackstone, which has struck investment management partnerships with large insurers like AIG and Allstate, said recently it was seeing a “dramatic increase in demand” from clients for the loans....
...“I believe that the survey data today and the implications for investment make four to five sequential rate cuts in 2024 much more likely.”...
...The warning highlights how the strains in US commercial real estate are being felt outside North America, as higher interest rates have made loans more expensive and falling demand for office space has hit...
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...Banks strike back against private credit The past year and a half has not been kind to investment banks’ syndicated loan departments....
...Broadband and cable company Charter Communications sold $3bn of bonds in part to pre-pay a term loan and to fund potential stock buybacks....
...When Invesco bought the largest chunk of $620mn of apparently low-risk loans issued by heater and air conditioner parts maker Robertshaw in 2018, it seemed just like many investments the US asset manager...
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...Because Angola was not seeking more IMF loans and could not rely on its own relatively small local debt market, this pointed to an international bond, Louw said....
...Revenues at its investment bank rose 13 per cent to €3bn, driven by a 7 per cent increase in fixed-income trading and a 54 per cent jump in origination and advisory....
International Edition