Edition:
India

Lynn Adler

Bankers root for Occidental as end to tug-of-war looms

09 May 2019

NEW YORK, May 8 (LPC) - Occidental Petroleum Corp looks to be winning its tug-of-war with Chevron Corp to acquire Anadarko Petroleum Corp, in a turn of events cheered by bankers seeing the prospect of more loan and debt financing tied to the Occidental bid than Chevron’s.

Patient Fed improves corporate credit spread outlook

18 Apr 2019

NEW YORK, April 18 (LPC) - The outlook for global corporate credit spreads improved in the first quarter by the most in nearly four years, with little change expected now that the Federal Reserve has paused its three-year interest rate hiking campaign, according to a quarterly survey by the International Association of Credit Portfolio Managers.

US companies going public could lift related bank lending

12 Apr 2019

NEW YORK, April 12 (LPC) - Bankers are looking for growing opportunities to extend loans to private corporations preparing to issue shares and go public as the pace of US initial public offerings (IPOs) gains momentum.

US syndicated lending drops to 3-yr low in tenuous quarter

29 Mar 2019

NEW YORK, March 29 (LPC) - US syndicated lending sank to its lowest quarterly level since the first quarter three years ago, retreating after two straight record issuance years, after fourth quarter volatility and growing economic concerns steered many borrowers to the sidelines.

New standards to drive U.S. sustainability-linked lending

23 Mar 2019

NEW YORK (LPC) - Global standards set in place by loan trade associations this week that tie syndicated loan pricing to companies’ sustainability performance are expected to stimulate the budding U.S. green lending market.

US companies turn to banks for funding as institutional market thins out

06 Mar 2019

NEW YORK, March 6 (LPC) - Banks, fresh off of a record year of providing pro rata loans to highly indebted corporate borrowers, are finding steady demand this year from issuers seeking to lock in lower interest rates as non-bank pockets have thinned and their funding becomes more expensive.

US corporates tap term loans as they look to avert downgrades

22 Feb 2019

NEW YORK, Feb 21 (LPC) - US high-grade companies including Fiserv and Keurig Dr Pepper have increasingly turned to term loans, which are cheaper to issue and easier to prepay than longer-term bonds, as they prioritize debt reduction to avert credit rating downgrades.

Regional lenders BB&T, SunTrust combine to scale up

08 Feb 2019

NEW YORK (LPC) - The combination of two Southeast regional banking giants BB&T Corp and SunTrust Banks Inc, in a deal valued at $66 billion , positions the combined company to compete with rival lenders on a national scale.

US companies turning to term loans for acquisition debt

25 Jan 2019

NEW YORK, Jan 25 (LPC) - US high-grade companies, including Bristol-Myers Squibb, are boosting the loan element of multibillion dollar acquisition financings in a move that could stretch some banks’ balance sheets.

Corporations increasingly seen defaulting on debt – survey

17 Jan 2019

NEW YORK, Jan 17 (LPC) - Corporations globally will increasingly default on debt as economies slow while borrowing costs and political strife escalate, according to a quarterly survey by the International Association of Credit Portfolio Managers.

World News